Jun, 30, 2024 — IH CREDIT UNION, INC is a non-federally insured state credit union headquartered in SPRINGFIELD, OH with 4 branch locations and about $377.05 million in total assets. Opened 91 years ago in 1934, IH CREDIT UNION, INC has about 22,898 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: | 22,898 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $377,048,714 |
| CEO/Manager: | Robb A White |
| Chairperson: | Jeff Harshaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,233,705 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 96,804,468 |
| Unsecured Loans | 8,559,417 |
| Other Loans | 96,743,380 |
| TOTAL LOANS | 240,711,115 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,595,100 |
| Land And Building | 6,917,622 |
| Other Fixed Assets | 1,297,657 |
| NCUSIF Deposit | 0 |
| All Other Assets | 373,333 |
| TOTAL ASSETS | 377,048,714 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 69,000,000 |
| Accounts Payable & Other Liabilities | 1,830,067 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,649,936 |
| Regular shares | 102,763,497 |
| All Other Shares & Deposits | 118,922,889 |
| TOTAL SHARES & DEPOSITS | 259,336,322 |
| TOTAL LIABILITIES | 330,166,389 |
| Regular Reserve | 0 |
| Other Reserves | -8,819,939 |
| Undivided Earnings | 55,702,264 |
| TOTAL EQUITY | 46,882,325 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 377,048,714 |
| INCOME & EXPENSE | |
| Loan Income | 8,024,676 |
| Investment Income | 1,895,490 |
| Other Income | 1,807,997 |
| Total Employee Compensation & Benefits | 3,712,591 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,369,573 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 900,786 |
| Cost of Funds | 1,385,335 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,132,834 |
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