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THE WAY CREDIT UNION

Mar, 31, 2021 — THE WAY CREDIT UNION is a federally insured state chartered credit union headquartered in NEW KNOXVILLE, OH with 1 branch location and about $13.46 million in total assets. Opened 39 years ago in 1982, THE WAY CREDIT UNION has about 599 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
Phone:(419) 753-1312
Fax:(419) 753-1306
Website:n/a
Branches:1 branch locations
Members:599
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:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,460,536
CEO/Manager:Jean-Yves DeLisle
Chairperson:Jerry Martinez

Call Report

  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 971,813
TOTAL INVESTMENTS 12,386,147
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 5,066
 NCUSIF Deposit 61,156
 All Other Assets 36,354
  TOTAL ASSETS 13,460,536
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,728
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,260,808
 Regular shares 9,654,907
 All Other Shares & Deposits 1,312,310
  TOTAL SHARES & DEPOSITS 12,228,025
  TOTAL LIABILITIES 12,234,753
 Regular Reserve 180,336
 Other Reserves 0
 Undivided Earnings 1,045,447
  TOTAL EQUITY 1,225,783
  TOTAL LIABILITIES, SHARES, & EQUITY 13,460,536
INCOME & EXPENSE  
 Loan Income 0
 Investment Income 44,998
 Other Income 283
 Total Employee Compensation & Benefits 31,075
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,366
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,361
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,573
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