Dec, 31, 2023 — QUEST FEDERAL CREDIT UNION is a federal credit union headquartered in KENTON, OH with 6 branch locations and about $183.85 million in total assets. Opened 55 years ago in 1969, QUEST FEDERAL CREDIT UNION has about 15,766 members and employs 55 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QUEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 12837 US Highway 68 KENTON, OH 43326 |
| Phone: | (419) 674-4998 |
| Fax: | (419) 675-1730 |
| Website: | https://www.questfcu.com |
| Branches: | 6 branch locations |
| Members: | 15,766 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19508 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $183,849,440 |
| CEO/Manager: | Matthew T Jennings |
| Chairperson: | Sarah Wirbel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,801,861 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 68,699,533 |
| Unsecured Loans | 9,297,527 |
| Other Loans | 45,879,334 |
| TOTAL LOANS | 123,876,394 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,188,808 |
| Land And Building | 5,530,434 |
| Other Fixed Assets | 872,425 |
| NCUSIF Deposit | 1,631,702 |
| All Other Assets | 0 |
| TOTAL ASSETS | 183,849,440 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,653,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,454,182 |
| Regular shares | 69,970,283 |
| All Other Shares & Deposits | 50,818,339 |
| TOTAL SHARES & DEPOSITS | 164,242,804 |
| TOTAL LIABILITIES | 166,896,546 |
| Regular Reserve | 0 |
| Other Reserves | 1,683,840 |
| Undivided Earnings | 15,269,054 |
| TOTAL EQUITY | 16,952,894 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 183,849,440 |
| INCOME & EXPENSE | |
| Loan Income | 7,074,068 |
| Investment Income | 2,186,407 |
| Other Income | 1,492,843 |
| Total Employee Compensation & Benefits | 3,441,077 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,648,471 |
| Non-operating Income & (Expense) | -15,720 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 274,000 |
| Cost of Funds | 1,054,737 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,865,462 |
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