Dec, 31, 2023 — ALLWEALTH FEDERAL CREDIT UNION is a federal credit union headquartered in HAMILTON, OH with 2 branch locations and about $27.96 million in total assets. Opened 76 years ago in 1948, ALLWEALTH FEDERAL CREDIT UNION has about 2,316 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALLWEALTH FEDERAL CREDIT UNION |
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Address: (Main Office) | 6 S 2nd St HAMILTON, OH 45011-2846 |
Phone: | (513) 868-5881 |
Fax: | (513) 867-7339 |
Website: | https://www.allwealth.org |
Branches: | 2 branch locations |
Members: | 2,316 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5845 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $27,955,749 |
CEO/Manager: | Michael Cooper |
Chairperson: | G Michael McDulin |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,227,158 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,702,897 |
Unsecured Loans | 1,092,442 |
Other Loans | 5,341,320 |
TOTAL LOANS | 19,484,596 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,440 |
Land And Building | 266,831 |
Other Fixed Assets | 97,373 |
NCUSIF Deposit | 264,501 |
All Other Assets | 0 |
TOTAL ASSETS | 27,955,749 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 350,000 |
Accounts Payable & Other Liabilities | 104,045 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,717,460 |
Regular shares | 14,806,748 |
All Other Shares & Deposits | 5,117,715 |
TOTAL SHARES & DEPOSITS | 24,641,923 |
TOTAL LIABILITIES | 25,095,968 |
Regular Reserve | 0 |
Other Reserves | 517,220 |
Undivided Earnings | 2,342,561 |
TOTAL EQUITY | 2,859,781 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,955,749 |
INCOME & EXPENSE | |
Loan Income | 1,074,151 |
Investment Income | 259,546 |
Other Income | 186,128 |
Total Employee Compensation & Benefits | 505,308 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 568,640 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,459 |
Cost of Funds | 68,368 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 447,849 |
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» See also Statement of Financial Condition