Dec, 31, 2023 — ADVANTAGE ONE CREDIT UNION is a federally insured state chartered credit union headquartered in MORRISON, IL with 1 branch location and about $23.44 million in total assets. Opened 64 years ago in 1960, ADVANTAGE ONE CREDIT UNION has about 2,505 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ADVANTAGE ONE CREDIT UNION |
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Address: (Main Office) | 204 N Jackson St MORRISON, IL 61270 |
Phone: | (815) 772-7215 |
Fax: | (815) 772-4458 |
Website: | https://www.adonecu.org |
Branches: | 1 branch locations |
Members: | 2,505 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68343 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,442,663 |
CEO/Manager: | Amy R Venhuizen |
Chairperson: | Michael Buckwalter |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,513,280 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,082,411 |
Unsecured Loans | 1,385,125 |
Other Loans | 10,812,452 |
TOTAL LOANS | 15,279,988 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -217,084 |
Land And Building | 185,563 |
Other Fixed Assets | 74,593 |
NCUSIF Deposit | 225,150 |
All Other Assets | 0 |
TOTAL ASSETS | 23,442,663 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 20,533 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 62,254 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,828,636 |
Regular shares | 11,489,869 |
All Other Shares & Deposits | 4,838,277 |
TOTAL SHARES & DEPOSITS | 21,156,782 |
TOTAL LIABILITIES | 21,239,569 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,203,094 |
TOTAL EQUITY | 2,203,094 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,442,663 |
INCOME & EXPENSE | |
Loan Income | 698,415 |
Investment Income | 225,687 |
Other Income | 57,814 |
Total Employee Compensation & Benefits | 430,116 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 479,137 |
Non-operating Income & (Expense) | 2,227 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
Cost of Funds | 38,855 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 89,982 |
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