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National Credit Union Service Organization

ARCADE CREDIT UNION

Jun, 30, 2021 — ARCADE CREDIT UNION is a federally insured state chartered credit union headquartered in Asheville, NC with 1 branch location and about $7.26 million in total assets. Opened 69 years ago in 1952, ARCADE CREDIT UNION has about 862 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ARCADE CREDIT UNION
Address:
(Main Office)
151 Patton Ave Ste 280
Asheville, NC 28801
Phone:(828) 254-1582
Fax:(828) 254-9809
Website:http://arcadecu.com
Branches:1 branch locations
Members:862
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62114
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,259,761
CEO/Manager:Charlene M Hyatt
Chairperson:Vann B Gibbs

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,551,841
TOTAL INVESTMENTS 1,993,653
Loans Held for Sale 0
 
 Real Estate Loans 1,081,674
 Unsecured Loans 76,803
 Other Loans 2,486,770
 TOTAL LOANS 3,645,247
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,681
 Land And Building 0
 Other Fixed Assets 6,515
 NCUSIF Deposit 61,030
 All Other Assets 9,156
  TOTAL ASSETS 7,259,761
LIABILITIES & CAPITAL:  
 Dividends Payable 523
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,302
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,080,884
 Regular shares 3,019,727
 All Other Shares & Deposits 2,263,839
  TOTAL SHARES & DEPOSITS 6,364,450
  TOTAL LIABILITIES 6,388,275
 Regular Reserve 465,069
 Other Reserves 0
 Undivided Earnings 406,417
  TOTAL EQUITY 871,486
  TOTAL LIABILITIES, SHARES, & EQUITY 7,259,761
INCOME & EXPENSE  
 Loan Income 78,487
 Investment Income 10,529
 Other Income 3,962
 Total Employee Compensation & Benefits 55,818
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 55,006
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,822
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,716
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