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ASHLAND CREDIT UNION

Mar, 31, 2022 — ASHLAND CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 4 branch locations and about $348.90 million in total assets. Opened 80 years ago in 1942, ASHLAND CREDIT UNION has about 38,936 members and employs 69 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:http://www.ashlandcu.org
Branches:4 branch locations
Members:38,936
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$348,898,353
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 35,368,299
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 141,633,415
 Unsecured Loans 12,718,193
 Other Loans 117,236,723
 TOTAL LOANS 271,588,331
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,499,855
 Land And Building 5,955,137
 Other Fixed Assets 801,647
 NCUSIF Deposit 2,661,203
 All Other Assets 79,090
  TOTAL ASSETS 348,898,353
LIABILITIES & CAPITAL:  
 Dividends Payable 244,860
 Notes & Interest Payable 15,648,557
 Accounts Payable & Other Liabilities 1,438,677
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,545,830
 Regular shares 48,530,709
 All Other Shares & Deposits 216,954,241
  TOTAL SHARES & DEPOSITS 292,030,780
  TOTAL LIABILITIES 309,362,874
 Regular Reserve 0
 Other Reserves -2,170,672
 Undivided Earnings 41,706,151
  TOTAL EQUITY 39,535,479
  TOTAL LIABILITIES, SHARES, & EQUITY 348,898,353
INCOME & EXPENSE  
 Loan Income 3,003,761
 Investment Income 131,050
 Other Income 227,636
 Total Employee Compensation & Benefits 1,162,070
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 955,465
 Non-operating Income & (Expense) 16,615
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 165,962
 Cost of Funds 575,102
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 978,720
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