Dec, 31, 2023 — TOLEDO URBAN FEDERAL CREDIT UNION is a federal credit union headquartered in TOLEDO, OH with 2 branch locations and about $15.93 million in total assets. Opened 28 years ago in 1996, TOLEDO URBAN FEDERAL CREDIT UNION has about 4,246 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOLEDO URBAN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1441 Dorr St TOLEDO, OH 43607-3956 |
| Phone: | (419) 255-8876 |
| Fax: | (419) 255-4390 |
| Website: | https://www.toledourban.net |
| Branches: | 2 branch locations |
| Members: | 4,246 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24578 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1996 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,928,984 |
| CEO/Manager: | Suzette R Cowell |
| Chairperson: | Alpha McKinstry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,781,286 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,730,796 |
| Unsecured Loans | 603,413 |
| Other Loans | 5,682,635 |
| TOTAL LOANS | 12,016,844 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -409,577 |
| Land And Building | 552,400 |
| Other Fixed Assets | 166,511 |
| NCUSIF Deposit | 110,212 |
| All Other Assets | 16,893 |
| TOTAL ASSETS | 15,928,984 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 777,306 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,550,000 |
| Share Drafts | 3,989,408 |
| Regular shares | 5,536,413 |
| All Other Shares & Deposits | 2,102,859 |
| TOTAL SHARES & DEPOSITS | 11,628,679 |
| TOTAL LIABILITIES | 13,955,985 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,972,999 |
| TOTAL EQUITY | 1,972,999 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,928,984 |
| INCOME & EXPENSE | |
| Loan Income | 643,786 |
| Investment Income | 86,046 |
| Other Income | 318,795 |
| Total Employee Compensation & Benefits | 916,792 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 836,087 |
| Non-operating Income & (Expense) | 1,262,201 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,951 |
| Cost of Funds | 38,269 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 430,993 |
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