Dec, 31, 2023 — UNIVERSAL 1 CREDIT UNION is a federally insured state chartered credit union headquartered in DAYTON, OH with 9 branch locations and about $417.04 million in total assets. Opened 87 years ago in 1937, UNIVERSAL 1 CREDIT UNION has about 48,021 members and employs 80 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSAL 1 CREDIT UNION |
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Address: (Main Office) | 1 River Park Dr DAYTON, OH 45409-2104 |
Phone: | (937) 225-6800 |
Fax: | (937) 225-9266 |
Website: | https://www.universal1cu.org |
Branches: | 9 branch locations |
Members: | 48,021 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64970 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $417,035,586 |
CEO/Manager: | Jessica Jones |
Chairperson: | Jeffrey Gammell |
ASSETS: | $ Amount |
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Cash & Equivalents | 53,276,664 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 71,010,893 |
Unsecured Loans | 19,673,073 |
Other Loans | 158,599,588 |
TOTAL LOANS | 249,283,554 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,197,785 |
Land And Building | 6,651,676 |
Other Fixed Assets | 1,654,678 |
NCUSIF Deposit | 3,854,716 |
All Other Assets | 1,174,633 |
TOTAL ASSETS | 417,035,586 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 126,449 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,713,319 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 77,384,943 |
Regular shares | 143,195,480 |
All Other Shares & Deposits | 154,189,712 |
TOTAL SHARES & DEPOSITS | 374,770,135 |
TOTAL LIABILITIES | 377,657,026 |
Regular Reserve | 0 |
Other Reserves | -7,087,504 |
Undivided Earnings | 46,466,064 |
TOTAL EQUITY | 39,378,560 |
TOTAL LIABILITIES, SHARES, & EQUITY | 417,035,586 |
INCOME & EXPENSE | |
Loan Income | 16,112,521 |
Investment Income | 5,006,552 |
Other Income | 2,372,844 |
Total Employee Compensation & Benefits | 6,081,076 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,648,075 |
Non-operating Income & (Expense) | -16,092 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,633,534 |
Cost of Funds | 3,213,242 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,142,466 |
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