Dec, 31, 2023 — ABBEY CREDIT UNION INC. is a non-federally insured state credit union headquartered in VANDALIA, OH with 3 branch locations and about $155.93 million in total assets. Opened 87 years ago in 1937, ABBEY CREDIT UNION INC. has about 12,569 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ABBEY CREDIT UNION INC. |
|---|---|
| Address: (Main Office) | 800 Falls Creek Dr VANDALIA, OH 45377-8600 |
| Phone: | (937) 898-7800 |
| Fax: | (937) 898-7803 |
| Website: | https://www.abbeycu.com |
| Branches: | 3 branch locations |
| Members: | 12,569 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97111 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $155,931,034 |
| CEO/Manager: | Dean A Pielemeier |
| Chairperson: | Michael A Thein |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,487,580 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 56,063,209 |
| Unsecured Loans | 7,600,468 |
| Other Loans | 51,109,661 |
| TOTAL LOANS | 115,273,338 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -849,342 |
| Land And Building | 4,094,958 |
| Other Fixed Assets | 714,839 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 155,931,034 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,000,000 |
| Accounts Payable & Other Liabilities | 516,400 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,945,720 |
| Regular shares | 53,883,224 |
| All Other Shares & Deposits | 58,654,384 |
| TOTAL SHARES & DEPOSITS | 139,483,328 |
| TOTAL LIABILITIES | 146,999,728 |
| Regular Reserve | 0 |
| Other Reserves | -2,102,159 |
| Undivided Earnings | 11,033,465 |
| TOTAL EQUITY | 8,931,306 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 155,931,034 |
| INCOME & EXPENSE | |
| Loan Income | 6,113,905 |
| Investment Income | 782,568 |
| Other Income | 879,755 |
| Total Employee Compensation & Benefits | 2,829,946 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,613,863 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 472,698 |
| Cost of Funds | 1,501,632 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,194,362 |
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