Dec, 31, 2023 — ASCENTRA CREDIT UNION is a federally insured state chartered credit union headquartered in BETTENDORF, IA with 9 branch locations and about $534.11 million in total assets. Opened 74 years ago in 1950, ASCENTRA CREDIT UNION has about 42,903 members and employs 167 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASCENTRA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2019 Grant St BETTENDORF, IA 52722 |
| Phone: | (563) 355-0152 |
| Fax: | (563) 355-5536 |
| Website: | https://www.ascentra.org |
| Branches: | 9 branch locations |
| Members: | 42,903 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63268 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $534,114,802 |
| CEO/Manager: | Linda Andry |
| Chairperson: | Tom Gibbs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,754,839 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 242,841,396 |
| Unsecured Loans | 28,280,585 |
| Other Loans | 128,314,036 |
| TOTAL LOANS | 400,371,559 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,170,677 |
| Land And Building | 20,420,593 |
| Other Fixed Assets | 2,184,425 |
| NCUSIF Deposit | 4,427,124 |
| All Other Assets | 0 |
| TOTAL ASSETS | 534,114,802 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 16,000,000 |
| Accounts Payable & Other Liabilities | 16,579,357 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 156,796,113 |
| Regular shares | 138,984,437 |
| All Other Shares & Deposits | 154,198,065 |
| TOTAL SHARES & DEPOSITS | 449,978,615 |
| TOTAL LIABILITIES | 482,660,456 |
| Regular Reserve | 0 |
| Other Reserves | 18,660,000 |
| Undivided Earnings | 32,794,346 |
| TOTAL EQUITY | 51,454,346 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 534,114,802 |
| INCOME & EXPENSE | |
| Loan Income | 20,735,544 |
| Investment Income | 3,394,535 |
| Other Income | 3,797,778 |
| Total Employee Compensation & Benefits | 13,374,382 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,717,778 |
| Non-operating Income & (Expense) | 2,780 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,639,000 |
| Cost of Funds | 2,845,028 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,705,429 |
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