Dec, 31, 2023 — MILLSTREAM AREA CREDIT UNION is a non-federally insured state credit union headquartered in FINDLAY, OH with 3 branch locations and about $59.30 million in total assets. Opened 2024 years ago in 0, MILLSTREAM AREA CREDIT UNION has about 7,824 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MILLSTREAM AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1007 Western Ave FINDLAY, OH 45840 |
| Phone: | (419) 422-5626 |
| Fax: | (419) 422-5598 |
| Website: | https://www.millstreamcu.com |
| Branches: | 3 branch locations |
| Members: | 7,824 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 96756 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $59,301,398 |
| CEO/Manager: | Joshua D Reams |
| Chairperson: | Brody C Yingling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,312,755 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,954,876 |
| Unsecured Loans | 4,089,105 |
| Other Loans | 14,406,045 |
| TOTAL LOANS | 31,450,025 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -311,781 |
| Land And Building | 2,183,758 |
| Other Fixed Assets | 638,438 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,301,398 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,827 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 445,778 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,335,231 |
| Regular shares | 24,801,831 |
| All Other Shares & Deposits | 15,370,244 |
| TOTAL SHARES & DEPOSITS | 52,507,306 |
| TOTAL LIABILITIES | 52,956,911 |
| Regular Reserve | 0 |
| Other Reserves | 1,420,001 |
| Undivided Earnings | 4,924,486 |
| TOTAL EQUITY | 6,344,487 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,301,398 |
| INCOME & EXPENSE | |
| Loan Income | 2,065,563 |
| Investment Income | 536,498 |
| Other Income | 979,237 |
| Total Employee Compensation & Benefits | 1,383,868 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,269,106 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,000 |
| Cost of Funds | 283,137 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 651,288 |
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