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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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