Jun, 30, 2024 — UNIVERSAL 1 CREDIT UNION is a federally insured state chartered credit union headquartered in DAYTON, OH with 9 branch locations and about $459.69 million in total assets. Opened 87 years ago in 1937, UNIVERSAL 1 CREDIT UNION has about 48,782 members and employs 88 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSAL 1 CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 River Park Dr DAYTON, OH 45409-2104 |
| Phone: | (937) 225-6800 |
| Fax: | (937) 225-9266 |
| Website: | https://www.universal1cu.org |
| Branches: | 9 branch locations |
| Members: | 48,782 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64970 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $459,694,205 |
| CEO/Manager: | Jessica Jones |
| Chairperson: | Thomas J Hickey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 83,988,540 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,326,980 |
| Unsecured Loans | 19,956,008 |
| Other Loans | 180,286,275 |
| TOTAL LOANS | 264,569,263 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,709,876 |
| Land And Building | 6,985,716 |
| Other Fixed Assets | 571,089 |
| NCUSIF Deposit | 4,120,709 |
| All Other Assets | 503,722 |
| TOTAL ASSETS | 459,694,205 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 55,488 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,837,852 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 82,692,766 |
| Regular shares | 177,116,137 |
| All Other Shares & Deposits | 164,789,634 |
| TOTAL SHARES & DEPOSITS | 424,598,537 |
| TOTAL LIABILITIES | 426,491,877 |
| Regular Reserve | 0 |
| Other Reserves | -10,106,315 |
| Undivided Earnings | 43,308,643 |
| TOTAL EQUITY | 33,202,328 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 459,694,205 |
| INCOME & EXPENSE | |
| Loan Income | 9,286,369 |
| Investment Income | 1,569,238 |
| Other Income | 1,687,328 |
| Total Employee Compensation & Benefits | 4,941,328 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,150,460 |
| Non-operating Income & (Expense) | -169 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,303,000 |
| Cost of Funds | 1,348,331 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,776,854 |
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