Dec, 31, 2023 — AVESTAR CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, WI with 4 branch locations and about $64.62 million in total assets. Opened 60 years ago in 1964, AVESTAR CREDIT UNION has about 6,250 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AVESTAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 125 W Madison St WATERLOO, WI 53594 |
| Phone: | (920) 478-2151 |
| Fax: | (920) 478-2153 |
| Website: | https://avestarcu.com |
| Branches: | 4 branch locations |
| Members: | 6,250 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66537 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $64,617,643 |
| CEO/Manager: | Kay E Radloff |
| Chairperson: | Ron Kluge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,532,394 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,350,831 |
| Unsecured Loans | 4,591,247 |
| Other Loans | 24,826,129 |
| TOTAL LOANS | 52,768,207 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -249,763 |
| Land And Building | 894,643 |
| Other Fixed Assets | 148,659 |
| NCUSIF Deposit | 564,710 |
| All Other Assets | 10,000 |
| TOTAL ASSETS | 64,617,643 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 572,741 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,047,724 |
| Regular shares | 27,621,290 |
| All Other Shares & Deposits | 17,755,635 |
| TOTAL SHARES & DEPOSITS | 56,424,649 |
| TOTAL LIABILITIES | 56,997,390 |
| Regular Reserve | 0 |
| Other Reserves | 4,040,272 |
| Undivided Earnings | 3,579,981 |
| TOTAL EQUITY | 7,620,253 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 64,617,643 |
| INCOME & EXPENSE | |
| Loan Income | 1,618,974 |
| Investment Income | 123,571 |
| Other Income | 358,424 |
| Total Employee Compensation & Benefits | 904,731 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 838,092 |
| Non-operating Income & (Expense) | 18,558 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
| Cost of Funds | 217,478 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 241,901 |
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