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ASHLAND CREDIT UNION

Jun, 30, 2021 — ASHLAND CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 4 branch locations and about $331.37 million in total assets. Opened 79 years ago in 1942, ASHLAND CREDIT UNION has about 37,826 members and employs 68 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 AVENUE
ASHLAND, KY 41101
Phone:(606) 329-5489
Fax:(606) 329-5414
Website:http://www.ashlandcu.org
Branches:4 branch locations
Members:37,826
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:$331,369,690
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 28,313,078
TOTAL INVESTMENTS 43,189,214
Loans Held for Sale 0
 
 Real Estate Loans 127,308,645
 Unsecured Loans 12,334,310
 Other Loans 113,064,466
 TOTAL LOANS 252,707,421
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,433,577
 Land And Building 4,095,114
 Other Fixed Assets 165,368
 NCUSIF Deposit 2,572,232
 All Other Assets 1,760,840
  TOTAL ASSETS 331,369,690
LIABILITIES & CAPITAL:  
 Dividends Payable 251,534
 Notes & Interest Payable 10,974,389
 Accounts Payable & Other Liabilities 1,010,773
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,364,087
 Regular shares 48,252,166
 All Other Shares & Deposits 210,491,145
  TOTAL SHARES & DEPOSITS 281,107,398
  TOTAL LIABILITIES 293,344,094
 Regular Reserve 3,618,202
 Other Reserves -196,529
 Undivided Earnings 34,603,923
  TOTAL EQUITY 38,025,596
  TOTAL LIABILITIES, SHARES, & EQUITY 331,369,690
INCOME & EXPENSE  
 Loan Income 5,823,770
 Investment Income 260,178
 Other Income 384,710
 Total Employee Compensation & Benefits 2,204,137
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,981,248
 Non-operating Income & (Expense) 200
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 130,653
 Cost of Funds 1,315,438
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,972,312
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