Mar, 31, 2022 — ATHENS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in ATHENS, WI with 1 branch location and about $52.62 million in total assets. Opened 63 years ago in 1959, ATHENS AREA CREDIT UNION has about 2,964 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ATHENS AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 112 ALFRED ST ATHENS, WI 54411 |
| Phone: | (715) 257-9337 |
| Fax: | (715) 257-9910 |
| Website: | http://athensareacu.com |
| Branches: | 1 branch locations |
| Members: | 2,964 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67243 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,615,339 |
| CEO/Manager: | VALERIE MURRAY |
| Chairperson: | CHARLES A KORNACK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,901,620 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,714,899 |
| Unsecured Loans | 178,202 |
| Other Loans | 5,149,072 |
| TOTAL LOANS | 12,042,173 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,951 |
| Land And Building | 298,378 |
| Other Fixed Assets | 10,468 |
| NCUSIF Deposit | 364,155 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,615,339 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,419 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 311,687 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,702,623 |
| Regular shares | 26,116,840 |
| All Other Shares & Deposits | 6,841,098 |
| TOTAL SHARES & DEPOSITS | 47,660,561 |
| TOTAL LIABILITIES | 47,978,667 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,636,672 |
| TOTAL EQUITY | 4,636,672 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,615,339 |
| INCOME & EXPENSE | |
| Loan Income | 97,798 |
| Investment Income | 63,511 |
| Other Income | 39,257 |
| Total Employee Compensation & Benefits | 86,495 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 95,702 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 23,238 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,223 |
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