Dec, 31, 2023 — AVESTAR CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, WI with 4 branch locations and about $64.62 million in total assets. Opened 60 years ago in 1964, AVESTAR CREDIT UNION has about 6,250 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AVESTAR CREDIT UNION |
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Address: (Main Office) | 125 W Madison St WATERLOO, WI 53594 |
Phone: | (920) 478-2151 |
Fax: | (920) 478-2153 |
Website: | https://avestarcu.com |
Branches: | 4 branch locations |
Members: | 6,250 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66537 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $64,617,643 |
CEO/Manager: | Kay E Radloff |
Chairperson: | Ron Kluge |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,532,394 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,350,831 |
Unsecured Loans | 4,591,247 |
Other Loans | 24,826,129 |
TOTAL LOANS | 52,768,207 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -249,763 |
Land And Building | 894,643 |
Other Fixed Assets | 148,659 |
NCUSIF Deposit | 564,710 |
All Other Assets | 10,000 |
TOTAL ASSETS | 64,617,643 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 572,741 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,047,724 |
Regular shares | 27,621,290 |
All Other Shares & Deposits | 17,755,635 |
TOTAL SHARES & DEPOSITS | 56,424,649 |
TOTAL LIABILITIES | 56,997,390 |
Regular Reserve | 0 |
Other Reserves | 4,040,272 |
Undivided Earnings | 3,579,981 |
TOTAL EQUITY | 7,620,253 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,617,643 |
INCOME & EXPENSE | |
Loan Income | 1,618,974 |
Investment Income | 123,571 |
Other Income | 358,424 |
Total Employee Compensation & Benefits | 904,731 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 838,092 |
Non-operating Income & (Expense) | 18,558 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
Cost of Funds | 217,478 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 241,901 |
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