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THE WAY CREDIT UNION

Dec, 31, 2023 — THE WAY CREDIT UNION is a federally insured state chartered credit union headquartered in NEW KNOXVILLE, OH with 1 branch location and about $14.03 million in total assets. Opened 42 years ago in 1982, THE WAY CREDIT UNION has about 699 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:THE WAY CREDIT UNION
Address:
(Main Office)
19100 E Shelby Rd
NEW KNOXVILLE, OH 45871-9531
Phone:(419) 753-1312
Fax:(419) 753-1306
Website:n/a
Branches:1 branch locations
Members:699
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66066
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1982
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$14,027,837
CEO/Manager:Jean-Yves DeLisle
Chairperson:Jerry Martinez

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 884,354
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 0
 TOTAL LOANS 0
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 0
 Other Fixed Assets 7,686
 NCUSIF Deposit 83,896
 All Other Assets 0
  TOTAL ASSETS 14,027,837
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,523
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,452,073
 Regular shares 9,984,432
 All Other Shares & Deposits 1,328,811
  TOTAL SHARES & DEPOSITS 12,765,316
  TOTAL LIABILITIES 12,777,839
 Regular Reserve 0
 Other Reserves 180,337
 Undivided Earnings 1,069,661
  TOTAL EQUITY 1,249,998
  TOTAL LIABILITIES, SHARES, & EQUITY 14,027,837
INCOME & EXPENSE  
 Loan Income 0
 Investment Income 333,489
 Other Income 2,399
 Total Employee Compensation & Benefits 122,105
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,113
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 85,120
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,663
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