Jun, 30, 2024 — EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 1 branch location and about $60.87 million in total assets. Opened 90 years ago in 1934, EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION has about 5,731 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION |
|---|---|
| Address: (Main Office) | 3845 Angola Rd TOLEDO, OH 43615 |
| Phone: | (419) 381-2323 |
| Fax: | (419) 381-2341 |
| Website: | https://www.educacu.com |
| Branches: | 1 branch locations |
| Members: | 5,731 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68181 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,871,928 |
| CEO/Manager: | Beth Carpenter |
| Chairperson: | David Preslan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 696,975 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,287,280 |
| Unsecured Loans | 1,410,291 |
| Other Loans | 15,628,770 |
| TOTAL LOANS | 32,326,341 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -235,627 |
| Land And Building | 1,060,707 |
| Other Fixed Assets | 16,265 |
| NCUSIF Deposit | 515,565 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,871,928 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 841 |
| Notes & Interest Payable | 40,000 |
| Accounts Payable & Other Liabilities | 142,572 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,689,638 |
| Regular shares | 36,220,808 |
| All Other Shares & Deposits | 6,731,344 |
| TOTAL SHARES & DEPOSITS | 54,641,790 |
| TOTAL LIABILITIES | 54,825,203 |
| Regular Reserve | 0 |
| Other Reserves | -104 |
| Undivided Earnings | 6,046,829 |
| TOTAL EQUITY | 6,046,725 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,871,928 |
| INCOME & EXPENSE | |
| Loan Income | 1,049,255 |
| Investment Income | 166,607 |
| Other Income | 299,657 |
| Total Employee Compensation & Benefits | 645,523 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 887,771 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -38,677 |
| Cost of Funds | 35,445 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 213,431 |
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