Dec, 31, 2023 — TRUECORE FEDERAL CREDIT UNION is a federal credit union headquartered in NEWARK, OH with 4 branch locations and about $228.21 million in total assets. Opened 84 years ago in 1940, TRUECORE FEDERAL CREDIT UNION has about 16,593 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUECORE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 Deo Dr NEWARK, OH 43055-3048 |
| Phone: | (740) 345-6608 |
| Fax: | |
| Website: | https://www.truecore.org |
| Branches: | 4 branch locations |
| Members: | 16,593 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4024 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $228,214,999 |
| CEO/Manager: | Jason Hall |
| Chairperson: | Benjamin Boring |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,930,090 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 91,677,672 |
| Unsecured Loans | 12,051,433 |
| Other Loans | 28,602,067 |
| TOTAL LOANS | 133,536,374 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -952,434 |
| Land And Building | 7,622,870 |
| Other Fixed Assets | 1,264,518 |
| NCUSIF Deposit | 2,025,624 |
| All Other Assets | 0 |
| TOTAL ASSETS | 228,214,999 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,484,335 |
| Accounts Payable & Other Liabilities | 2,613,061 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 41,244,875 |
| Regular shares | 103,403,021 |
| All Other Shares & Deposits | 60,691,386 |
| TOTAL SHARES & DEPOSITS | 205,339,282 |
| TOTAL LIABILITIES | 213,436,678 |
| Regular Reserve | 0 |
| Other Reserves | -2,977,728 |
| Undivided Earnings | 17,756,049 |
| TOTAL EQUITY | 14,778,321 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 228,214,999 |
| INCOME & EXPENSE | |
| Loan Income | 6,543,182 |
| Investment Income | 2,124,802 |
| Other Income | 1,542,141 |
| Total Employee Compensation & Benefits | 4,465,889 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,378,876 |
| Non-operating Income & (Expense) | 214,454 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 223,000 |
| Cost of Funds | 1,139,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,153,644 |
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