Dec, 31, 2023 — YOUR LEGACY FEDERAL CREDIT UNION is a federal credit union headquartered in TIFFIN, OH with 2 branch locations and about $71.48 million in total assets. Opened 72 years ago in 1952, YOUR LEGACY FEDERAL CREDIT UNION has about 6,501 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | YOUR LEGACY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 25 Shaffer Park Dr TIFFIN, OH 44883-9290 |
| Phone: | (419) 448-0191 |
| Fax: | (419) 448-8346 |
| Website: | https://www.yourlegacyfcu.com |
| Branches: | 2 branch locations |
| Members: | 6,501 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7674 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $71,478,010 |
| CEO/Manager: | Derek A Sidor |
| Chairperson: | Richard M Wyka |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,330,627 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,520,959 |
| Unsecured Loans | 1,900,447 |
| Other Loans | 25,289,385 |
| TOTAL LOANS | 42,161,293 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -554,611 |
| Land And Building | 1,501,050 |
| Other Fixed Assets | 246,641 |
| NCUSIF Deposit | 652,876 |
| All Other Assets | 0 |
| TOTAL ASSETS | 71,478,010 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -41,831 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,744,057 |
| Regular shares | 32,102,666 |
| All Other Shares & Deposits | 17,065,097 |
| TOTAL SHARES & DEPOSITS | 64,911,821 |
| TOTAL LIABILITIES | 64,869,992 |
| Regular Reserve | 0 |
| Other Reserves | -173,194 |
| Undivided Earnings | 6,781,212 |
| TOTAL EQUITY | 6,608,018 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 71,478,010 |
| INCOME & EXPENSE | |
| Loan Income | 2,403,978 |
| Investment Income | 455,184 |
| Other Income | 471,889 |
| Total Employee Compensation & Benefits | 950,221 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,526,698 |
| Non-operating Income & (Expense) | 74,614 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 331,158 |
| Cost of Funds | 341,338 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 501,941 |
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