Dec, 31, 2022 — ARCADE CREDIT UNION is a federally insured state chartered credit union headquartered in ASHEVILLE, NC with 1 branch location and about $7.81 million in total assets. Opened 71 years ago in 1952, ARCADE CREDIT UNION has about 842 members and employs 3 full and part-time employees 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: | https://arcadecu.com |
| Branches: | 1 branch locations |
| Members: | 842 |
| 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: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,805,625 |
| CEO/Manager: | Charlene M Hyatt |
| Chairperson: | Vann B Gibbs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 837,562 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,242,622 |
| Unsecured Loans | 81,102 |
| Other Loans | 2,821,352 |
| TOTAL LOANS | 4,145,076 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,733 |
| Land And Building | 0 |
| Other Fixed Assets | 3,371 |
| NCUSIF Deposit | 67,011 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,805,625 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 535 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,195 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,544,515 |
| Regular shares | 3,083,848 |
| All Other Shares & Deposits | 2,290,320 |
| TOTAL SHARES & DEPOSITS | 6,918,683 |
| TOTAL LIABILITIES | 6,941,413 |
| Regular Reserve | 0 |
| Other Reserves | 465,069 |
| Undivided Earnings | 399,143 |
| TOTAL EQUITY | 864,212 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,805,625 |
| INCOME & EXPENSE | |
| Loan Income | 128,158 |
| Investment Income | 18,673 |
| Other Income | 5,262 |
| Total Employee Compensation & Benefits | 106,562 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 78,726 |
| Non-operating Income & (Expense) | 5,186 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,660 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,475 |
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