Dec, 31, 2023 — TOPMARK FEDERAL CREDIT UNION is a federal credit union headquartered in LIMA, OH with 3 branch locations and about $57.35 million in total assets. Opened 61 years ago in 1963, TOPMARK FEDERAL CREDIT UNION has about 9,052 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOPMARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1045 N West St LIMA, OH 45801 |
| Phone: | (419) 223-5886 |
| Fax: | (419) 229-1273 |
| Website: | https://www.topmarkfcu.com |
| Branches: | 3 branch locations |
| Members: | 9,052 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15438 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $57,354,982 |
| CEO/Manager: | Angie R Maynard |
| Chairperson: | LaDoyt J Martz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,275,961 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,576,582 |
| Unsecured Loans | 5,054,703 |
| Other Loans | 22,580,761 |
| TOTAL LOANS | 36,212,046 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -179,510 |
| Land And Building | 2,057,137 |
| Other Fixed Assets | 253,721 |
| NCUSIF Deposit | 539,751 |
| All Other Assets | 0 |
| TOTAL ASSETS | 57,354,982 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,712 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,278 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,492,982 |
| Regular shares | 25,909,526 |
| All Other Shares & Deposits | 16,329,395 |
| TOTAL SHARES & DEPOSITS | 51,731,903 |
| TOTAL LIABILITIES | 51,843,893 |
| Regular Reserve | 0 |
| Other Reserves | 1,117,230 |
| Undivided Earnings | 4,393,859 |
| TOTAL EQUITY | 5,511,089 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,354,982 |
| INCOME & EXPENSE | |
| Loan Income | 2,366,791 |
| Investment Income | 243,448 |
| Other Income | 449,952 |
| Total Employee Compensation & Benefits | 1,303,327 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,714,813 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,111 |
| Cost of Funds | 437,453 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 144,211 |
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