Dec, 31, 2023 — PILLAR CREDIT UNION is a federally insured state chartered credit union headquartered in MARION, OH with 2 branch locations and about $106.97 million in total assets. Opened 64 years ago in 1960, PILLAR CREDIT UNION has about 9,772 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PILLAR CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 BARKS RD E MARION, OH 43302 |
| Phone: | (740) 389-9960 |
| Fax: | (740) 389-9961 |
| Website: | https://pillarcu.com |
| Branches: | 2 branch locations |
| Members: | 9,772 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61324 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $106,970,836 |
| CEO/Manager: | Christine R Gibson |
| Chairperson: | ADAM C WILLAUER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,601,277 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,508,781 |
| Unsecured Loans | 550,790 |
| Other Loans | 61,339,151 |
| TOTAL LOANS | 71,398,722 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -244,041 |
| Land And Building | 4,814,865 |
| Other Fixed Assets | 244,632 |
| NCUSIF Deposit | 914,114 |
| All Other Assets | 0 |
| TOTAL ASSETS | 106,970,836 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 319,278 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,569,727 |
| Regular shares | 31,785,324 |
| All Other Shares & Deposits | 50,954,526 |
| TOTAL SHARES & DEPOSITS | 97,309,578 |
| TOTAL LIABILITIES | 97,628,856 |
| Regular Reserve | 0 |
| Other Reserves | -1,241,031 |
| Undivided Earnings | 10,583,011 |
| TOTAL EQUITY | 9,341,980 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,970,836 |
| INCOME & EXPENSE | |
| Loan Income | 3,615,943 |
| Investment Income | 884,591 |
| Other Income | 488,501 |
| Total Employee Compensation & Benefits | 1,393,579 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,847,967 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 208,390 |
| Cost of Funds | 1,374,021 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 706,591 |
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