Dec, 31, 2023 — PORT CONNEAUT FEDERAL CREDIT UNION is a federal credit union headquartered in CONNEAUT, OH with 2 branch locations and about $30.11 million in total assets. Opened 66 years ago in 1958, PORT CONNEAUT FEDERAL CREDIT UNION has about 3,965 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PORT CONNEAUT FEDERAL CREDIT UNION |
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Address: (Main Office) | 1002 Broad St CONNEAUT, OH 44030 |
Phone: | (440) 593-7350 |
Fax: | (440) 593-7352 |
Website: | https://www.portconnfcu.com |
Branches: | 2 branch locations |
Members: | 3,965 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12351 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,108,132 |
CEO/Manager: | Chad G Giangola |
Chairperson: | Angela Moore |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,356,358 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,682,939 |
Unsecured Loans | 2,664,740 |
Other Loans | 7,860,884 |
TOTAL LOANS | 15,208,563 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -355,000 |
Land And Building | 479,969 |
Other Fixed Assets | 32,639 |
NCUSIF Deposit | 281,560 |
All Other Assets | 0 |
TOTAL ASSETS | 30,108,132 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 693,923 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,901,887 |
Regular shares | 14,764,672 |
All Other Shares & Deposits | 5,286,648 |
TOTAL SHARES & DEPOSITS | 25,953,207 |
TOTAL LIABILITIES | 26,647,130 |
Regular Reserve | 0 |
Other Reserves | 664,050 |
Undivided Earnings | 2,796,952 |
TOTAL EQUITY | 3,461,002 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,108,132 |
INCOME & EXPENSE | |
Loan Income | 1,020,486 |
Investment Income | 295,040 |
Other Income | 439,507 |
Total Employee Compensation & Benefits | 619,634 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,159,929 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,510 |
Cost of Funds | 37,729 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 127,194 |
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