Dec, 31, 2023 — UNIVERSITY OF TOLEDO FEDERAL CREDIT UNION is a federal credit union headquartered in TOLEDO, OH with 3 branch locations and about $93.53 million in total assets. Opened 60 years ago in 1964, UNIVERSITY OF TOLEDO FEDERAL CREDIT UNION has about 5,371 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY OF TOLEDO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5248 Hill Ave TOLEDO, OH 43615-5868 |
| Phone: | (419) 534-3770 |
| Fax: | (419) 534-3780 |
| Website: | https://www.uoftfcu.com |
| Branches: | 3 branch locations |
| Members: | 5,371 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16174 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $93,531,594 |
| CEO/Manager: | Gregory L Cook |
| Chairperson: | Thomas M Trimble |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,044,100 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,620,636 |
| Unsecured Loans | 4,952,879 |
| Other Loans | 11,557,858 |
| TOTAL LOANS | 35,131,373 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -269,189 |
| Land And Building | 738,030 |
| Other Fixed Assets | 42,949 |
| NCUSIF Deposit | 788,928 |
| All Other Assets | 0 |
| TOTAL ASSETS | 93,531,594 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,562 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 967,295 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,228,355 |
| Regular shares | 33,931,444 |
| All Other Shares & Deposits | 33,746,067 |
| TOTAL SHARES & DEPOSITS | 82,905,866 |
| TOTAL LIABILITIES | 83,926,723 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,604,871 |
| TOTAL EQUITY | 9,604,871 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,531,594 |
| INCOME & EXPENSE | |
| Loan Income | 1,683,121 |
| Investment Income | 1,019,243 |
| Other Income | 222,405 |
| Total Employee Compensation & Benefits | 1,136,459 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,289,580 |
| Non-operating Income & (Expense) | 1,210,624 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 141,235 |
| Cost of Funds | 769,281 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,157,925 |
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