Dec, 31, 2023 — OHIO TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, OH with 2 branch locations and about $15.68 million in total assets. Opened 84 years ago in 1940, OHIO TEAMSTERS CREDIT UNION has about 2,798 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OHIO TEAMSTERS CREDIT UNION |
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Address: (Main Office) | 6100 Rockside Woods Blvd N Ste 150 INDEPENDENCE, OH 44131-2334 |
Phone: | (216) 573-6700 |
Fax: | (216) 573-6732 |
Website: | https://www.ohioteamsterscu.com |
Branches: | 2 branch locations |
Members: | 2,798 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61136 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,680,570 |
CEO/Manager: | John R Schaffner |
Chairperson: | Dennis Kashi |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,847,036 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 660,930 |
Unsecured Loans | 518,342 |
Other Loans | 9,215,955 |
TOTAL LOANS | 10,395,228 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -258,546 |
Land And Building | 0 |
Other Fixed Assets | 13,409 |
NCUSIF Deposit | 123,412 |
All Other Assets | 0 |
TOTAL ASSETS | 15,680,570 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 268 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,706 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 842,697 |
Regular shares | 8,387,798 |
All Other Shares & Deposits | 2,142,984 |
TOTAL SHARES & DEPOSITS | 11,373,483 |
TOTAL LIABILITIES | 11,388,457 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,292,113 |
TOTAL EQUITY | 4,292,113 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,680,570 |
INCOME & EXPENSE | |
Loan Income | 503,160 |
Investment Income | 199,563 |
Other Income | 179,992 |
Total Employee Compensation & Benefits | 321,486 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 387,478 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 39,339 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 149,594 |
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