Dec, 31, 2023 — EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION is a federally insured state chartered credit union headquartered in TOLEDO, OH with 1 branch location and about $58.89 million in total assets. Opened 90 years ago in 1934, EDUCATIONAL COMMUNITY ALLIANCE CREDIT UNION has about 5,743 members and employs 11 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: | 5,743 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,892,143 |
| CEO/Manager: | Beth Carpenter |
| Chairperson: | Bradley Aemisegger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 887,584 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,684,277 |
| Unsecured Loans | 1,239,735 |
| Other Loans | 16,888,248 |
| TOTAL LOANS | 33,812,260 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -171,248 |
| Land And Building | 1,009,747 |
| Other Fixed Assets | 117,840 |
| NCUSIF Deposit | 539,713 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,892,143 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,602 |
| Notes & Interest Payable | 249,000 |
| Accounts Payable & Other Liabilities | 403,224 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,922,196 |
| Regular shares | 32,569,047 |
| All Other Shares & Deposits | 9,257,471 |
| TOTAL SHARES & DEPOSITS | 51,748,714 |
| TOTAL LIABILITIES | 52,418,540 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,473,603 |
| TOTAL EQUITY | 6,473,603 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,892,143 |
| INCOME & EXPENSE | |
| Loan Income | 1,665,765 |
| Investment Income | 329,747 |
| Other Income | 410,759 |
| Total Employee Compensation & Benefits | 978,374 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,236,296 |
| Non-operating Income & (Expense) | 164,929 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,416 |
| Cost of Funds | 266,962 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 285,074 |
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