Dec, 31, 2023 — ARCADE CREDIT UNION is a federally insured state chartered credit union headquartered in ASHEVILLE, NC with 1 branch location and about $7.95 million in total assets. Opened 72 years ago in 1952, ARCADE CREDIT UNION has about 813 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARCADE CREDIT UNION |
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Address: (Main Office) | 151 Patton Ave Ste 280 ASHEVILLE, NC 28801 |
Phone: | (828) 254-1582 |
Fax: | (828) 254-9809 |
Website: | https://arcadecu.com |
Branches: | 1 branch locations |
Members: | 813 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62114 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,952,182 |
CEO/Manager: | Shelly R Fender |
Chairperson: | Vann B Gibbs |
ASSETS: | $ Amount |
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Cash & Equivalents | 613,362 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,096,817 |
Unsecured Loans | 126,787 |
Other Loans | 3,490,356 |
TOTAL LOANS | 4,713,968 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,733 |
Land And Building | 0 |
Other Fixed Assets | 2,266 |
NCUSIF Deposit | 66,511 |
All Other Assets | 0 |
TOTAL ASSETS | 7,952,182 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,051 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 40,302 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,045,813 |
Regular shares | 2,814,389 |
All Other Shares & Deposits | 3,076,508 |
TOTAL SHARES & DEPOSITS | 6,936,710 |
TOTAL LIABILITIES | 7,000,063 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 952,119 |
TOTAL EQUITY | 952,119 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,952,182 |
INCOME & EXPENSE | |
Loan Income | 245,513 |
Investment Income | 92,075 |
Other Income | 7,492 |
Total Employee Compensation & Benefits | 128,048 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 124,080 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 46,100 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 83,317 |
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