Dec, 31, 2023 — ARSENAL CREDIT UNION is a federally insured state chartered credit union headquartered in ARNOLD, MO with 4 branch locations and about $397.12 million in total assets. Opened 76 years ago in 1948, ARSENAL CREDIT UNION has about 31,476 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARSENAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3780 Vogel Rd ARNOLD, MO 63010 |
| Phone: | (314) 962-6363 |
| Fax: | (636) 333-8379 |
| Website: | https://www.arsenalcu.com |
| Branches: | 4 branch locations |
| Members: | 31,476 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67195 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $397,124,194 |
| CEO/Manager: | Linda G Allen |
| Chairperson: | Gary Dierks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,020,314 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,094,446 |
| Unsecured Loans | 24,722,542 |
| Other Loans | 165,226,007 |
| TOTAL LOANS | 278,007,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,555,076 |
| Land And Building | 7,452,527 |
| Other Fixed Assets | 1,201,496 |
| NCUSIF Deposit | 3,423,442 |
| All Other Assets | 123,968 |
| TOTAL ASSETS | 397,124,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,163 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,702,486 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,937,853 |
| Regular shares | 92,846,932 |
| All Other Shares & Deposits | 200,965,111 |
| TOTAL SHARES & DEPOSITS | 363,749,896 |
| TOTAL LIABILITIES | 369,590,853 |
| Regular Reserve | 0 |
| Other Reserves | -8,875,270 |
| Undivided Earnings | 36,408,611 |
| TOTAL EQUITY | 27,533,341 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 397,124,194 |
| INCOME & EXPENSE | |
| Loan Income | 18,746,659 |
| Investment Income | 2,137,735 |
| Other Income | 2,741,994 |
| Total Employee Compensation & Benefits | 7,955,705 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,299,474 |
| Non-operating Income & (Expense) | 513 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,429,946 |
| Cost of Funds | 6,188,152 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 825,960 |
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