Dec, 31, 2023 — ATHENS AREA CREDIT UNION is a federally insured state chartered credit union headquartered in ATHENS, WI with 1 branch location and about $47.49 million in total assets. Opened 65 years ago in 1959, ATHENS AREA CREDIT UNION has about 2,962 members and employs 10 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 |
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Address: (Main Office) | 112 ALFRED ST ATHENS, WI 54411 |
Phone: | (715) 257-9337 |
Fax: | (715) 257-9910 |
Website: | https://athensareacu.com |
Branches: | 1 branch locations |
Members: | 2,962 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67243 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $47,493,320 |
CEO/Manager: | VALERIE MURRAY |
Chairperson: | CHARLES A KORNACK |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,804,841 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,543,745 |
Unsecured Loans | 213,668 |
Other Loans | 9,506,501 |
TOTAL LOANS | 17,263,914 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,621 |
Land And Building | 263,808 |
Other Fixed Assets | 19,873 |
NCUSIF Deposit | 442,752 |
All Other Assets | 0 |
TOTAL ASSETS | 47,493,320 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 21,385 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 727,062 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,075,582 |
Regular shares | 21,893,266 |
All Other Shares & Deposits | 5,703,297 |
TOTAL SHARES & DEPOSITS | 41,672,145 |
TOTAL LIABILITIES | 42,420,592 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,072,728 |
TOTAL EQUITY | 5,072,728 |
TOTAL LIABILITIES, SHARES, & EQUITY | 47,493,320 |
INCOME & EXPENSE | |
Loan Income | 561,187 |
Investment Income | 702,251 |
Other Income | 179,278 |
Total Employee Compensation & Benefits | 435,434 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 427,675 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,571 |
Cost of Funds | 210,653 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 380,300 |
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