Jun, 30, 2024 — C E S CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT VERNON, OH with 6 branch locations and about $219.77 million in total assets. Opened 73 years ago in 1952, C E S CREDIT UNION has about 16,669 members and employs 59 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: | 16,669 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $219,772,269 |
| CEO/Manager: | Sandy Coffing |
| Chairperson: | Jeff Wells |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,616,950 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,168,190 |
| Unsecured Loans | 7,584,834 |
| Other Loans | 46,286,704 |
| TOTAL LOANS | 101,039,728 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,100 |
| Land And Building | 1,938,545 |
| Other Fixed Assets | 220,074 |
| NCUSIF Deposit | 1,806,370 |
| All Other Assets | 0 |
| TOTAL ASSETS | 219,772,269 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,831,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,640,200 |
| Regular shares | 114,138,914 |
| All Other Shares & Deposits | 28,024,082 |
| TOTAL SHARES & DEPOSITS | 197,803,196 |
| TOTAL LIABILITIES | 199,635,085 |
| Regular Reserve | 0 |
| Other Reserves | 2,207,890 |
| Undivided Earnings | 17,929,294 |
| TOTAL EQUITY | 20,137,184 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 219,772,269 |
| INCOME & EXPENSE | |
| Loan Income | 3,006,276 |
| Investment Income | 697,766 |
| Other Income | 1,114,763 |
| Total Employee Compensation & Benefits | 2,561,273 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,321,017 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,262 |
| Cost of Funds | 101,838 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,013,978 |
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