Dec, 31, 2023 — CODE CREDIT UNION is a federally insured state chartered credit union headquartered in DAYTON, OH with 4 branch locations and about $160.79 million in total assets. Opened 84 years ago in 1940, CODE CREDIT UNION has about 12,445 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CODE CREDIT UNION |
|---|---|
| Address: (Main Office) | 285 Liberty St DAYTON, OH 45402 |
| Phone: | (937) 222-8971 |
| Fax: | |
| Website: | https://www.codecu.org |
| Branches: | 4 branch locations |
| Members: | 12,445 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66840 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $160,793,175 |
| CEO/Manager: | Scott Rutherford |
| Chairperson: | Doyle Burke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,372,789 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,989,766 |
| Unsecured Loans | 13,451,451 |
| Other Loans | 42,168,149 |
| TOTAL LOANS | 93,609,366 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -982,074 |
| Land And Building | 4,356,450 |
| Other Fixed Assets | 516,754 |
| NCUSIF Deposit | 1,344,007 |
| All Other Assets | 0 |
| TOTAL ASSETS | 160,793,175 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 61,914 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 1,240,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,156,340 |
| Regular shares | 50,053,928 |
| All Other Shares & Deposits | 61,571,753 |
| TOTAL SHARES & DEPOSITS | 139,782,021 |
| TOTAL LIABILITIES | 143,084,824 |
| Regular Reserve | 0 |
| Other Reserves | 1,079,727 |
| Undivided Earnings | 16,628,624 |
| TOTAL EQUITY | 17,708,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 160,793,175 |
| INCOME & EXPENSE | |
| Loan Income | 4,968,120 |
| Investment Income | 1,202,250 |
| Other Income | 969,024 |
| Total Employee Compensation & Benefits | 2,287,038 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,473,694 |
| Non-operating Income & (Expense) | 12,250 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 189,942 |
| Cost of Funds | 1,456,980 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,506,152 |
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