Dec, 31, 2023 — F.C.I. ASHLAND FEDERAL CREDIT UNION is a federal credit union headquartered in ASHLAND, KY with 1 branch location and about $6.21 million in total assets. Opened 83 years ago in 1941, F.C.I. ASHLAND FEDERAL CREDIT UNION has about 774 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | F.C.I. ASHLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | State Route 716 ASHLAND, KY 41101 |
| Phone: | (606) 929-4040 |
| Fax: | (606) 929-4387 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 774 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4366 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,212,504 |
| CEO/Manager: | Mike McDowell |
| Chairperson: | Michael T Lester |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 607,583 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 643,480 |
| Other Loans | 4,511,878 |
| TOTAL LOANS | 5,155,358 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 52,230 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,212,504 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,294 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,952,531 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,952,531 |
| TOTAL LIABILITIES | 4,974,825 |
| Regular Reserve | 0 |
| Other Reserves | 930,824 |
| Undivided Earnings | 306,855 |
| TOTAL EQUITY | 1,237,679 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,212,504 |
| INCOME & EXPENSE | |
| Loan Income | 303,565 |
| Investment Income | 11,689 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 90,265 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,575 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,548 |
| Cost of Funds | 152,569 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,297 |
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