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ADVANTAGE CREDIT UNION

Mar, 31, 2022 — ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in ONTARIO, OH with 1 branch location and about $45.06 million in total assets. Opened 61 years ago in 1961, ADVANTAGE CREDIT UNION has about 5,079 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:http://www.advantage4.org
Branches:1 branch locations
Members:5,079
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$45,060,485
CEO/Manager:Camille J Grayson
Chairperson:Gary L Utt

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,161,101
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,351,589
 Unsecured Loans 1,229,047
 Other Loans 12,331,115
 TOTAL LOANS 19,911,751
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,200
 Land And Building 546,148
 Other Fixed Assets 273,110
 NCUSIF Deposit 347,394
 All Other Assets 27,837
  TOTAL ASSETS 45,060,485
LIABILITIES & CAPITAL:  
 Dividends Payable 94
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 92,322
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,179,682
 Regular shares 26,089,708
 All Other Shares & Deposits 5,650,176
  TOTAL SHARES & DEPOSITS 41,919,566
  TOTAL LIABILITIES 42,011,982
 Regular Reserve 0
 Other Reserves 1,261,253
 Undivided Earnings 1,787,250
  TOTAL EQUITY 3,048,503
  TOTAL LIABILITIES, SHARES, & EQUITY 45,060,485
INCOME & EXPENSE  
 Loan Income 215,409
 Investment Income 35,788
 Other Income 102,167
 Total Employee Compensation & Benefits 169,684
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 209,046
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,503
 Cost of Funds 7,874
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,617
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