HTM AREA CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.htmareacu.org for more information.
Dec, 31, 2023 — HTM AREA CREDIT UNION is a federally insured state chartered credit union headquartered in Troy, OH with 1 branch location and about $33.28 million in total assets. Opened 74 years ago in 1950, HTM AREA CREDIT UNION has about 3,530 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HTM AREA CREDIT UNION |
|---|---|
| Address: (Main Office) | 847 W Main St Troy, OH 45373 |
| Phone: | (937) 335-8591 |
| Fax: | (937) 339-2467 |
| Website: | https://www.htmareacu.org |
| Branches: | 1 branch locations |
| Members: | 3,530 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68522 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,283,623 |
| CEO/Manager: | Jayne Vaske |
| Chairperson: | Ron May |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,655,126 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,275,050 |
| Unsecured Loans | 1,050,023 |
| Other Loans | 7,057,595 |
| TOTAL LOANS | 9,382,668 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -253,480 |
| Land And Building | 453,030 |
| Other Fixed Assets | 486 |
| NCUSIF Deposit | 290,990 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,283,623 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 398,531 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,441,389 |
| Regular shares | 19,132,835 |
| All Other Shares & Deposits | 5,267,002 |
| TOTAL SHARES & DEPOSITS | 27,841,226 |
| TOTAL LIABILITIES | 28,239,757 |
| Regular Reserve | 0 |
| Other Reserves | 203,860 |
| Undivided Earnings | 4,840,006 |
| TOTAL EQUITY | 5,043,866 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,283,623 |
| INCOME & EXPENSE | |
| Loan Income | 495,534 |
| Investment Income | 173,690 |
| Other Income | 89,140 |
| Total Employee Compensation & Benefits | 176,397 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 690,978 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
| Cost of Funds | 110,785 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -112,353 |
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