Dec, 31, 2023 — CHAMPION CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 3 branch locations and about $70.80 million in total assets. Opened 82 years ago in 1942, CHAMPION CREDIT UNION has about 5,851 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHAMPION CREDIT UNION |
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Address: (Main Office) | 4140 W Laskey Rd TOLEDO, OH 43623-3758 |
Phone: | (419) 407-4140 |
Fax: | (419) 407-8909 |
Website: | https://www.championcu.org |
Branches: | 3 branch locations |
Members: | 5,851 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63100 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $70,800,395 |
CEO/Manager: | Steven M Grindle |
Chairperson: | Terry Benton |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,768,184 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,722,266 |
Unsecured Loans | 1,373,558 |
Other Loans | 18,789,612 |
TOTAL LOANS | 26,885,437 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -193,096 |
Land And Building | 1,399,946 |
Other Fixed Assets | 80,477 |
NCUSIF Deposit | 635,672 |
All Other Assets | 0 |
TOTAL ASSETS | 70,800,395 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 242,776 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,346,559 |
Regular shares | 33,896,231 |
All Other Shares & Deposits | 14,402,466 |
TOTAL SHARES & DEPOSITS | 63,645,256 |
TOTAL LIABILITIES | 63,888,032 |
Regular Reserve | 0 |
Other Reserves | 122,424 |
Undivided Earnings | 6,789,939 |
TOTAL EQUITY | 6,912,363 |
TOTAL LIABILITIES, SHARES, & EQUITY | 70,800,395 |
INCOME & EXPENSE | |
Loan Income | 1,281,199 |
Investment Income | 513,219 |
Other Income | 330,108 |
Total Employee Compensation & Benefits | 1,035,228 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,494,989 |
Non-operating Income & (Expense) | 61,983 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,000 |
Cost of Funds | 249,550 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 134,051 |
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» See also Statement of Financial Condition