Sep, 30, 2025 — F.C.I. ASHLAND FEDERAL CREDIT UNION is a federal credit union headquartered in ASHLAND, KY with 1 branch location and about $7.94 million in total assets. Opened 85 years ago in 1941, F.C.I. ASHLAND FEDERAL CREDIT UNION has about 755 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | F.C.I. ASHLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | State Route 716 ASHLAND, KY 41101 |
| Phone: | (606) 929-4040 |
| Fax: | (606) 929-4387 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 755 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4366 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Jan 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,938,334 |
| CEO/Manager: | Mike McDowell |
| Chairperson: | Michael T Lester |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 775,390 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 745,966 |
| Other Loans | 4,050,169 |
| TOTAL LOANS | 4,796,135 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 57,708 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,938,334 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,246 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,654,558 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,654,558 |
| TOTAL LIABILITIES | 6,689,804 |
| Regular Reserve | 0 |
| Other Reserves | 930,824 |
| Undivided Earnings | 317,706 |
| TOTAL EQUITY | 1,248,530 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,938,334 |
| INCOME & EXPENSE | |
| Loan Income | 256,361 |
| Investment Income | 64,236 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 62,318 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 31,834 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,513 |
| Cost of Funds | 217,420 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,512 |
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