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National Credit Union Service Organization

ADVANTAGE CREDIT UNION

Dec, 31, 2023 — ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in ONTARIO, OH with 1 branch location and about $43.78 million in total assets. Opened 63 years ago in 1961, ADVANTAGE CREDIT UNION has about 3,959 members and employs 13 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)
700 Stumbo Rd
ONTARIO, OH 44906-1279
Phone:(419) 529-5603
Fax:(419) 529-5068
Website:https://www.advantage4.org
Branches:1 branch locations
Members:3,959
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$43,784,924
CEO/Manager:Camille J Grayson
Chairperson:Gary L Utt

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,152,145
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 8,026,924
 Unsecured Loans 1,386,385
 Other Loans 16,299,314
 TOTAL LOANS 25,712,623
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -186,500
 Land And Building 544,024
 Other Fixed Assets 259,857
 NCUSIF Deposit 397,643
 All Other Assets 0
  TOTAL ASSETS 43,784,924
LIABILITIES & CAPITAL:  
 Dividends Payable 6,097
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 141,423
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,971,378
 Regular shares 21,730,691
 All Other Shares & Deposits 8,757,497
  TOTAL SHARES & DEPOSITS 41,459,565
  TOTAL LIABILITIES 41,607,085
 Regular Reserve 0
 Other Reserves 167,296
 Undivided Earnings 2,010,543
  TOTAL EQUITY 2,177,839
  TOTAL LIABILITIES, SHARES, & EQUITY 43,784,924
INCOME & EXPENSE  
 Loan Income 1,281,254
 Investment Income 374,512
 Other Income 324,840
 Total Employee Compensation & Benefits 722,412
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 882,565
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 179,603
 Cost of Funds 192,923
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 140,051
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