Dec, 31, 2023 — ASHLAND COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ASHLAND, OH with 1 branch location and about $21.58 million in total assets. Opened 73 years ago in 1951, ASHLAND COMMUNITY FEDERAL CREDIT UNION has about 3,088 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: | ASHLAND COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1123 Sugarbush Dr ASHLAND, OH 44805 |
| Phone: | (419) 289-6211 |
| Fax: | (419) 289-1815 |
| Website: | https://www.ashlandfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,088 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7072 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,581,740 |
| CEO/Manager: | Dan O'Connell |
| Chairperson: | Brandon Clark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,564,922 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 40,050 |
| Unsecured Loans | 373,924 |
| Other Loans | 15,880,290 |
| TOTAL LOANS | 16,294,264 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -167,994 |
| Land And Building | 508,265 |
| Other Fixed Assets | 18,957 |
| NCUSIF Deposit | 197,422 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,581,740 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 75,643 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,494,451 |
| Regular shares | 10,321,640 |
| All Other Shares & Deposits | 2,767,356 |
| TOTAL SHARES & DEPOSITS | 19,583,447 |
| TOTAL LIABILITIES | 19,659,090 |
| Regular Reserve | 0 |
| Other Reserves | 271,740 |
| Undivided Earnings | 1,650,910 |
| TOTAL EQUITY | 1,922,650 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,581,740 |
| INCOME & EXPENSE | |
| Loan Income | 845,070 |
| Investment Income | 145,079 |
| Other Income | 182,472 |
| Total Employee Compensation & Benefits | 303,295 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 538,007 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,000 |
| Cost of Funds | 38,419 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 381,861 |
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