Dec, 31, 2023 — IH CREDIT UNION, INC is a non-federally insured state credit union headquartered in SPRINGFIELD, OH with 4 branch locations and about $358.22 million in total assets. Opened 90 years ago in 1934, IH CREDIT UNION, INC has about 23,272 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IH CREDIT UNION, INC |
|---|---|
| Address: (Main Office) | 5000 Urbana Rd SPRINGFIELD, OH 45502-9069 |
| Phone: | (937) 390-1800 |
| Fax: | (937) 390-6400 |
| Website: | https://www.ihcreditunion.com |
| Branches: | 4 branch locations |
| Members: | 23,272 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97104 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $358,215,445 |
| CEO/Manager: | Robb A White |
| Chairperson: | Jeff Harshaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,876,829 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 106,922,236 |
| Unsecured Loans | 8,698,562 |
| Other Loans | 84,959,073 |
| TOTAL LOANS | 234,451,336 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,485,147 |
| Land And Building | 6,591,786 |
| Other Fixed Assets | 989,232 |
| NCUSIF Deposit | 0 |
| All Other Assets | 429,640 |
| TOTAL ASSETS | 358,215,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 52,500,000 |
| Accounts Payable & Other Liabilities | 3,248,824 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,648,017 |
| Regular shares | 92,721,068 |
| All Other Shares & Deposits | 123,422,123 |
| TOTAL SHARES & DEPOSITS | 255,791,211 |
| TOTAL LIABILITIES | 311,540,035 |
| Regular Reserve | 0 |
| Other Reserves | -7,910,410 |
| Undivided Earnings | 54,585,820 |
| TOTAL EQUITY | 46,675,410 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 358,215,445 |
| INCOME & EXPENSE | |
| Loan Income | 14,223,941 |
| Investment Income | 2,831,017 |
| Other Income | 2,678,048 |
| Total Employee Compensation & Benefits | 5,820,163 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,137,314 |
| Non-operating Income & (Expense) | 85,850 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,980,851 |
| Cost of Funds | 4,464,373 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -388,268 |
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