Dec, 31, 2023 — OHIO UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in ATHENS, OH with 4 branch locations and about $513.75 million in total assets. Opened 69 years ago in 1955, OHIO UNIVERSITY CREDIT UNION has about 26,110 members and employs 108 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OHIO UNIVERSITY CREDIT UNION |
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Address: (Main Office) | 944 E State St ATHENS, OH 45701 |
Phone: | (740) 597-2800 |
Fax: | (740) 597-2839 |
Website: | https://www.oucu.org |
Branches: | 4 branch locations |
Members: | 26,110 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61048 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $513,747,056 |
CEO/Manager: | Cory Corrigan |
Chairperson: | Thom Luce |
ASSETS: | $ Amount |
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Cash & Equivalents | 51,538,749 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 270,971,147 |
Unsecured Loans | 42,681,196 |
Other Loans | 57,566,232 |
TOTAL LOANS | 372,325,980 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,726,501 |
Land And Building | 6,701,468 |
Other Fixed Assets | 1,648,115 |
NCUSIF Deposit | 3,785,689 |
All Other Assets | 9,130 |
TOTAL ASSETS | 513,747,056 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 60,000,000 |
Accounts Payable & Other Liabilities | 13,843,340 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 90,330,944 |
Regular shares | 83,657,860 |
All Other Shares & Deposits | 218,020,964 |
TOTAL SHARES & DEPOSITS | 392,009,769 |
TOTAL LIABILITIES | 465,853,109 |
Regular Reserve | 0 |
Other Reserves | -10,397,132 |
Undivided Earnings | 58,291,079 |
TOTAL EQUITY | 47,893,947 |
TOTAL LIABILITIES, SHARES, & EQUITY | 513,747,056 |
INCOME & EXPENSE | |
Loan Income | 19,012,259 |
Investment Income | 3,380,481 |
Other Income | 3,593,148 |
Total Employee Compensation & Benefits | 10,295,767 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,467,339 |
Non-operating Income & (Expense) | -38,940 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,409,020 |
Cost of Funds | 4,697,404 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,805,224 |
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