FORMICA-EVENDALE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.formicafcu.com for more information.
Dec, 31, 2023 — FORMICA-EVENDALE FEDERAL CREDIT UNION is a federal credit union headquartered in EVENDALE, OH with 1 branch location and about $1.26 million in total assets. Opened 48 years ago in 1976, FORMICA-EVENDALE FEDERAL CREDIT UNION has about 267 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORMICA-EVENDALE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10155 READING ROAD EVENDALE, OH 45241-3109 |
| Phone: | (513) 786-3101 |
| Fax: | (513) 786-3279 |
| Website: | https://www.formicafcu.com |
| Branches: | 1 branch locations |
| Members: | 267 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22554 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Sep 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,264,389 |
| CEO/Manager: | KATHY DOLEZAL |
| Chairperson: | Jeff Wagner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 204,532 |
| TOTAL INVESTMENTS | 373,008 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 229,786 |
| Other Loans | 459,573 |
| TOTAL LOANS | 689,359 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,725 |
| Land And Building | 0 |
| Other Fixed Assets | 1,244 |
| NCUSIF Deposit | 11,649 |
| All Other Assets | 322 |
| TOTAL ASSETS | 1,264,389 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,249 |
| Regular shares | 689,123 |
| All Other Shares & Deposits | 110,486 |
| TOTAL SHARES & DEPOSITS | 846,858 |
| TOTAL LIABILITIES | 846,858 |
| Regular Reserve | 25,734 |
| Other Reserves | 0 |
| Undivided Earnings | 391,797 |
| TOTAL EQUITY | 417,531 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,264,389 |
| INCOME & EXPENSE | |
| Loan Income | 38,950 |
| Investment Income | 6,323 |
| Other Income | 5,104 |
| Total Employee Compensation & Benefits | 52,259 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 28,541 |
| Non-operating Income & (Expense) | 19 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -33,268 |
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» See also Statement of Financial Condition