Dec, 31, 2022 — ECUSTA CREDIT UNION is a federally insured state chartered credit union headquartered in BREVARD, NC with 1 branch location and about $81.98 million in total assets. Opened 47 years ago in 1976, ECUSTA CREDIT UNION has about 6,483 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ECUSTA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2074 Asheville Hwy BREVARD, NC 28712 |
| Phone: | (828) 884-7283 |
| Fax: | (828) 884-2984 |
| Website: | https://www.ecustacu.com |
| Branches: | 1 branch locations |
| Members: | 6,483 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63663 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,982,970 |
| CEO/Manager: | Lisa K Rathburn |
| Chairperson: | Martha M McCrary |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,848,306 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,897,996 |
| Unsecured Loans | 7,472,806 |
| Other Loans | 8,193,605 |
| TOTAL LOANS | 21,564,407 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -259,212 |
| Land And Building | 903,238 |
| Other Fixed Assets | 218,215 |
| NCUSIF Deposit | 697,643 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,982,970 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 428,572 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,139,203 |
| Regular shares | 25,458,251 |
| All Other Shares & Deposits | 32,396,863 |
| TOTAL SHARES & DEPOSITS | 73,994,317 |
| TOTAL LIABILITIES | 74,422,889 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,560,081 |
| TOTAL EQUITY | 7,560,081 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,982,970 |
| INCOME & EXPENSE | |
| Loan Income | 1,048,957 |
| Investment Income | 518,083 |
| Other Income | 180,682 |
| Total Employee Compensation & Benefits | 465,862 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,461,362 |
| Non-operating Income & (Expense) | 142,608 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 393,681 |
| Cost of Funds | 97,305 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -144,218 |
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