Mar, 31, 2022 — AVESTAR CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, WI with 3 branch locations and about $37.24 million in total assets. Opened 58 years ago in 1964, AVESTAR CREDIT UNION has about 3,638 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AVESTAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 125 W Madison St WATERLOO, WI 53594 |
| Phone: | (920) 478-2151 |
| Fax: | (920) 478-2153 |
| Website: | http://avestarcu.com |
| Branches: | 3 branch locations |
| Members: | 3,638 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66537 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,241,579 |
| CEO/Manager: | Kay E Radloff |
| Chairperson: | Lee Fiedorowicz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,165,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,002,751 |
| Unsecured Loans | 652,279 |
| Other Loans | 11,575,185 |
| TOTAL LOANS | 26,230,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,536 |
| Land And Building | 82,979 |
| Other Fixed Assets | 57,969 |
| NCUSIF Deposit | 272,423 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,241,579 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 268,381 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,787,323 |
| Regular shares | 22,382,823 |
| All Other Shares & Deposits | 3,552,781 |
| TOTAL SHARES & DEPOSITS | 33,722,927 |
| TOTAL LIABILITIES | 33,991,308 |
| Regular Reserve | 0 |
| Other Reserves | -52,081 |
| Undivided Earnings | 3,302,352 |
| TOTAL EQUITY | 3,250,271 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,241,579 |
| INCOME & EXPENSE | |
| Loan Income | 311,543 |
| Investment Income | 10,752 |
| Other Income | 44,686 |
| Total Employee Compensation & Benefits | 200,046 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 129,332 |
| Non-operating Income & (Expense) | 4,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 17,815 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,441 |
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