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 |
| 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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