Dec, 31, 2023 — ARH FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLESBORO, KY with 1 branch location and about $16.78 million in total assets. Opened 53 years ago in 1971, ARH FEDERAL CREDIT UNION has about 4,010 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: | ARH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3805 CUMBERLAND AVE MIDDLESBORO, KY 40965-2601 |
| Phone: | (606) 248-8566 |
| Fax: | (606) 248-7716 |
| Website: | https://www.arhfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,010 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20438 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,778,265 |
| CEO/Manager: | KIM D HELTON |
| Chairperson: | MICHEAL JUSTICE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,505,899 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,326,109 |
| Unsecured Loans | 1,419,683 |
| Other Loans | 7,459,977 |
| TOTAL LOANS | 11,205,769 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -193,780 |
| Land And Building | 1,950,306 |
| Other Fixed Assets | 26,564 |
| NCUSIF Deposit | 125,325 |
| All Other Assets | 5,710 |
| TOTAL ASSETS | 16,778,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 130,075 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,034,368 |
| Regular shares | 8,758,266 |
| All Other Shares & Deposits | 1,012,368 |
| TOTAL SHARES & DEPOSITS | 11,805,002 |
| TOTAL LIABILITIES | 11,935,077 |
| Regular Reserve | 0 |
| Other Reserves | 583,774 |
| Undivided Earnings | 4,259,414 |
| TOTAL EQUITY | 4,843,188 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,778,265 |
| INCOME & EXPENSE | |
| Loan Income | 865,322 |
| Investment Income | 114,415 |
| Other Income | 184,490 |
| Total Employee Compensation & Benefits | 326,027 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 687,561 |
| Non-operating Income & (Expense) | 225,805 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 368,808 |
| Cost of Funds | 10,931 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,295 |
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