Dec, 31, 2023 — ASHLAND CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 5 branch locations and about $376.39 million in total assets. Opened 82 years ago in 1942, ASHLAND CREDIT UNION has about 42,392 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASHLAND CREDIT UNION |
---|---|
Address: (Main Office) | 1300 CENTRAL AVE ASHLAND, KY 41101-7550 |
Phone: | (606) 329-5489 |
Fax: | (606) 329-5414 |
Website: | https://www.ashlandcu.org |
Branches: | 5 branch locations |
Members: | 42,392 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61792 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $376,390,268 |
CEO/Manager: | LARRY L LUCAS |
Chairperson: | Marita H Werner |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 40,380,189 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 142,336,755 |
Unsecured Loans | 16,698,978 |
Other Loans | 129,638,271 |
TOTAL LOANS | 288,718,400 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,361,488 |
Land And Building | 9,090,350 |
Other Fixed Assets | 12,725,274 |
NCUSIF Deposit | 2,965,150 |
All Other Assets | 0 |
TOTAL ASSETS | 376,390,268 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 837,378 |
Notes & Interest Payable | 12,336,905 |
Accounts Payable & Other Liabilities | 1,073,738 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,910,950 |
Regular shares | 32,575,383 |
All Other Shares & Deposits | 262,389,471 |
TOTAL SHARES & DEPOSITS | 319,875,804 |
TOTAL LIABILITIES | 334,240,935 |
Regular Reserve | 0 |
Other Reserves | -3,564,928 |
Undivided Earnings | 45,714,261 |
TOTAL EQUITY | 42,149,333 |
TOTAL LIABILITIES, SHARES, & EQUITY | 376,390,268 |
INCOME & EXPENSE | |
Loan Income | 16,502,152 |
Investment Income | 2,485,952 |
Other Income | 1,116,421 |
Total Employee Compensation & Benefits | 6,235,530 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,806,191 |
Non-operating Income & (Expense) | 195 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 976,745 |
Cost of Funds | 7,400,063 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,467,845 |
↑ Back to Top |