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ASHLAND CREDIT UNION

Dec, 31, 2023 — ASHLAND CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 5 branch locations and about $376.39 million in total assets. Opened 82 years ago in 1942, ASHLAND CREDIT UNION has about 42,392 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 242175557
Name:ASHLAND CREDIT UNION
Address:
(Main Office)
1300 CENTRAL AVE
ASHLAND, KY 41101-7550
Phone:(606) 329-5489
Fax:(606) 329-5414
Website:https://www.ashlandcu.org
Branches:5 branch locations
Members:42,392
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61792
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1942
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$376,390,268
CEO/Manager:LARRY L LUCAS
Chairperson:Marita H Werner

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 40,380,189
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 142,336,755
 Unsecured Loans 16,698,978
 Other Loans 129,638,271
 TOTAL LOANS 288,718,400
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,361,488
 Land And Building 9,090,350
 Other Fixed Assets 12,725,274
 NCUSIF Deposit 2,965,150
 All Other Assets 0
  TOTAL ASSETS 376,390,268
LIABILITIES & CAPITAL:  
 Dividends Payable 837,378
 Notes & Interest Payable 12,336,905
 Accounts Payable & Other Liabilities 1,073,738
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,910,950
 Regular shares 32,575,383
 All Other Shares & Deposits 262,389,471
  TOTAL SHARES & DEPOSITS 319,875,804
  TOTAL LIABILITIES 334,240,935
 Regular Reserve 0
 Other Reserves -3,564,928
 Undivided Earnings 45,714,261
  TOTAL EQUITY 42,149,333
  TOTAL LIABILITIES, SHARES, & EQUITY 376,390,268
INCOME & EXPENSE  
 Loan Income 16,502,152
 Investment Income 2,485,952
 Other Income 1,116,421
 Total Employee Compensation & Benefits 6,235,530
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,806,191
 Non-operating Income & (Expense) 195
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 976,745
 Cost of Funds 7,400,063
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,467,845
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