Dec, 31, 2023 — HOMELAND CREDIT UNION is a federally insured state chartered credit union headquartered in CHILLICOTHE, OH with 5 branch locations and about $571.93 million in total assets. Opened 92 years ago in 1932, HOMELAND CREDIT UNION has about 24,214 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOMELAND CREDIT UNION |
|---|---|
| Address: (Main Office) | 310 Caldwell St CHILLICOTHE, OH 45601 |
| Phone: | (740) 775-3331 |
| Fax: | (740) 774-1055 |
| Website: | https://www.homelandcu.com |
| Branches: | 5 branch locations |
| Members: | 24,214 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61089 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $571,934,498 |
| CEO/Manager: | Shayne R Poe |
| Chairperson: | Dennis M Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 55,926,071 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,527,558 |
| Unsecured Loans | 30,824,711 |
| Other Loans | 90,668,899 |
| TOTAL LOANS | 181,323,450 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,992,040 |
| Land And Building | 2,073,752 |
| Other Fixed Assets | 776,460 |
| NCUSIF Deposit | 4,485,377 |
| All Other Assets | 54,720 |
| TOTAL ASSETS | 571,934,498 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 354,828 |
| Notes & Interest Payable | 20,500,000 |
| Accounts Payable & Other Liabilities | 3,041,820 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 68,055,761 |
| Regular shares | 148,614,295 |
| All Other Shares & Deposits | 279,271,548 |
| TOTAL SHARES & DEPOSITS | 495,941,603 |
| TOTAL LIABILITIES | 519,838,251 |
| Regular Reserve | 0 |
| Other Reserves | -36,924,962 |
| Undivided Earnings | 89,021,209 |
| TOTAL EQUITY | 52,096,247 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 571,934,498 |
| INCOME & EXPENSE | |
| Loan Income | 9,843,451 |
| Investment Income | 9,767,995 |
| Other Income | 2,548,938 |
| Total Employee Compensation & Benefits | 5,970,309 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,405,553 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,003,810 |
| Cost of Funds | 8,196,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,556,449 |
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