Dec, 31, 2023 — C E S CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT VERNON, OH with 6 branch locations and about $214.51 million in total assets. Opened 72 years ago in 1952, C E S CREDIT UNION has about 17,244 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | C E S CREDIT UNION |
|---|---|
| Address: (Main Office) | 1215 Yauger Rd MOUNT VERNON, OH 43050-9233 |
| Phone: | (740) 397-1136 |
| Fax: | (740) 393-0713 |
| Website: | https://www.cescu.com |
| Branches: | 6 branch locations |
| Members: | 17,244 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62352 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $214,514,328 |
| CEO/Manager: | Sandy Coffing |
| Chairperson: | Jeff Wells |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,135,494 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,669,391 |
| Unsecured Loans | 9,019,753 |
| Other Loans | 64,023,637 |
| TOTAL LOANS | 121,712,781 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -436,831 |
| Land And Building | 1,926,589 |
| Other Fixed Assets | 252,015 |
| NCUSIF Deposit | 1,895,056 |
| All Other Assets | 0 |
| TOTAL ASSETS | 214,514,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,200,720 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,395,332 |
| Regular shares | 100,896,585 |
| All Other Shares & Deposits | 37,428,769 |
| TOTAL SHARES & DEPOSITS | 190,720,686 |
| TOTAL LIABILITIES | 192,921,406 |
| Regular Reserve | 0 |
| Other Reserves | 1,161,483 |
| Undivided Earnings | 20,431,439 |
| TOTAL EQUITY | 21,592,922 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 214,514,328 |
| INCOME & EXPENSE | |
| Loan Income | 5,823,206 |
| Investment Income | 1,379,250 |
| Other Income | 1,401,394 |
| Total Employee Compensation & Benefits | 3,855,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,363,056 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,525 |
| Cost of Funds | 478,063 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,443,965 |
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