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ADVANTAGE CREDIT UNION

Jun, 30, 2021 — ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in MANSFIELD, OH with 1 branch location and about $40.88 million in total assets. Opened 60 years ago in 1961, ADVANTAGE CREDIT UNION has about 5,157 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:ADVANTAGE CREDIT UNION
Address:
(Main Office)
P.O. BOX 2674
MANSFIELD, OH 44906-0674
Phone:(419) 529-5603
Fax:(419) 529-5068
Website:http://www.advantage4.org
Branches:1 branch locations
Members:5,157
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61383
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1961
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$40,883,137
CEO/Manager:Camille J Grayson
Chairperson:Gary L Utt

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,433,273
TOTAL INVESTMENTS 14,491,538
Loans Held for Sale 0
 
 Real Estate Loans 5,756,426
 Unsecured Loans 1,250,174
 Other Loans 11,461,226
 TOTAL LOANS 18,467,826
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -105,000
 Land And Building 533,678
 Other Fixed Assets 305,966
 NCUSIF Deposit 347,394
 All Other Assets 408,462
  TOTAL ASSETS 40,883,137
LIABILITIES & CAPITAL:  
 Dividends Payable 86
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 73,584
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,880,198
 Regular shares 22,255,671
 All Other Shares & Deposits 5,063,927
  TOTAL SHARES & DEPOSITS 37,199,796
  TOTAL LIABILITIES 37,273,466
 Regular Reserve 1,939,814
 Other Reserves -80,257
 Undivided Earnings 1,750,114
  TOTAL EQUITY 3,609,671
  TOTAL LIABILITIES, SHARES, & EQUITY 40,883,137
INCOME & EXPENSE  
 Loan Income 436,799
 Investment Income 69,710
 Other Income 172,999
 Total Employee Compensation & Benefits 350,015
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 383,266
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -30,092
 Cost of Funds 16,594
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 43,936
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