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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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