Dec, 31, 2023 — IMPACT CREDIT UNION, INC. is a federally insured state chartered credit union headquartered in CLYDE, OH with 5 branch locations and about $177.64 million in total assets. Opened 30 years ago in 1994, IMPACT CREDIT UNION, INC. has about 14,718 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | IMPACT CREDIT UNION, INC. |
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Address: (Main Office) | 1455 W McPherson Hwy CLYDE, OH 43410 |
Phone: | (419) 547-7781 |
Fax: | (419) 547-6669 |
Website: | https://www.impactcu.org |
Branches: | 5 branch locations |
Members: | 14,718 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68150 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1994 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $177,641,797 |
CEO/Manager: | Scott Hicks |
Chairperson: | Michael Halbeisen |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,046,695 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 47,890,819 |
Unsecured Loans | 7,157,165 |
Other Loans | 65,937,426 |
TOTAL LOANS | 120,985,410 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -903,391 |
Land And Building | 4,494,561 |
Other Fixed Assets | 352,858 |
NCUSIF Deposit | 1,607,411 |
All Other Assets | 0 |
TOTAL ASSETS | 177,641,797 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 80,549 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,282,571 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 36,834,873 |
Regular shares | 58,962,895 |
All Other Shares & Deposits | 65,552,827 |
TOTAL SHARES & DEPOSITS | 161,350,596 |
TOTAL LIABILITIES | 162,713,716 |
Regular Reserve | 0 |
Other Reserves | -1,120,753 |
Undivided Earnings | 16,048,834 |
TOTAL EQUITY | 14,928,081 |
TOTAL LIABILITIES, SHARES, & EQUITY | 177,641,797 |
INCOME & EXPENSE | |
Loan Income | 6,367,723 |
Investment Income | 785,696 |
Other Income | 947,975 |
Total Employee Compensation & Benefits | 3,761,058 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,975,792 |
Non-operating Income & (Expense) | 81,447 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 209,105 |
Cost of Funds | 1,243,277 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 613,931 |
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