Dec, 31, 2023 — EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 1 branch location and about $58.89 million in total assets. Opened 90 years ago in 1934, EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION has about 5,743 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION |
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Address: (Main Office) | 3845 Angola Rd TOLEDO, OH 43615 |
Phone: | (419) 381-2323 |
Fax: | (419) 381-2341 |
Website: | https://www.educacu.com |
Branches: | 1 branch locations |
Members: | 5,743 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68181 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,892,143 |
CEO/Manager: | Beth Carpenter |
Chairperson: | Bradley Aemisegger |
ASSETS: | $ Amount |
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Cash & Equivalents | 887,584 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,684,277 |
Unsecured Loans | 1,239,735 |
Other Loans | 16,888,248 |
TOTAL LOANS | 33,812,260 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -171,248 |
Land And Building | 1,009,747 |
Other Fixed Assets | 117,840 |
NCUSIF Deposit | 539,713 |
All Other Assets | 0 |
TOTAL ASSETS | 58,892,143 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17,602 |
Notes & Interest Payable | 249,000 |
Accounts Payable & Other Liabilities | 403,224 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,922,196 |
Regular shares | 32,569,047 |
All Other Shares & Deposits | 9,257,471 |
TOTAL SHARES & DEPOSITS | 51,748,714 |
TOTAL LIABILITIES | 52,418,540 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,473,603 |
TOTAL EQUITY | 6,473,603 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,892,143 |
INCOME & EXPENSE | |
Loan Income | 1,665,765 |
Investment Income | 329,747 |
Other Income | 410,759 |
Total Employee Compensation & Benefits | 978,374 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,236,296 |
Non-operating Income & (Expense) | 164,929 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,416 |
Cost of Funds | 266,962 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 285,074 |
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