Jun, 30, 2024 — TRUECORE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, OH with 4 branch locations and about $230.99 million in total assets. Opened 85 years ago in 1940, TRUECORE FEDERAL CREDIT UNION has about 16,624 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUECORE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 Deo Dr NEWARK, OH 43055-3048 |
| Phone: | (740) 345-6608 |
| Fax: | |
| Website: | https://www.truecore.org |
| Branches: | 4 branch locations |
| Members: | 16,624 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4024 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $230,986,877 |
| CEO/Manager: | jay Young |
| Chairperson: | Benjamin Boring |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,967,332 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 88,563,441 |
| Unsecured Loans | 10,086,070 |
| Other Loans | 29,085,711 |
| TOTAL LOANS | 128,664,730 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -692,202 |
| Land And Building | 7,784,345 |
| Other Fixed Assets | 972,282 |
| NCUSIF Deposit | 1,927,126 |
| All Other Assets | 2,944 |
| TOTAL ASSETS | 230,986,877 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,203,163 |
| Accounts Payable & Other Liabilities | 2,319,760 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,204,625 |
| Regular shares | 115,684,107 |
| All Other Shares & Deposits | 50,295,600 |
| TOTAL SHARES & DEPOSITS | 208,184,332 |
| TOTAL LIABILITIES | 217,707,255 |
| Regular Reserve | 0 |
| Other Reserves | -3,227,707 |
| Undivided Earnings | 16,507,329 |
| TOTAL EQUITY | 13,279,622 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 230,986,877 |
| INCOME & EXPENSE | |
| Loan Income | 3,883,430 |
| Investment Income | 772,839 |
| Other Income | 1,036,945 |
| Total Employee Compensation & Benefits | 3,228,720 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,044,359 |
| Non-operating Income & (Expense) | 161,671 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,500 |
| Cost of Funds | 331,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 461,216 |
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