Dec, 31, 2023 — SUPERIOR CREDIT UNION, INC is a federally insured state chartered credit union headquartered in LIMA, OH with 27 branch locations and about $1.65 billion in total assets. Opened 70 years ago in 1954, SUPERIOR CREDIT UNION, INC has about 101,684 members and employs 254 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUPERIOR CREDIT UNION, INC |
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Address: (Main Office) | 4230 ELIDA RD LIMA, OH 45807 |
Phone: | (419) 879-3541 |
Fax: | (419) 227-5258 |
Website: | https://www.superiorcu.com |
Branches: | 27 branch locations |
Members: | 101,684 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68665 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,653,026,692 |
CEO/Manager: | Phillip R Buell |
Chairperson: | James Bacome |
ASSETS: | $ Amount |
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Cash & Equivalents | 92,202,488 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 9,418,711 |
Real Estate Loans | 823,170,652 |
Unsecured Loans | 13,777,254 |
Other Loans | 163,007,087 |
TOTAL LOANS | 1,001,848,899 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,365,021 |
Land And Building | 21,240,690 |
Other Fixed Assets | 2,694,688 |
NCUSIF Deposit | 11,982,184 |
All Other Assets | 0 |
TOTAL ASSETS | 1,653,026,692 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,336,027 |
Notes & Interest Payable | 105,000,000 |
Accounts Payable & Other Liabilities | 24,084,624 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 282,719,061 |
Regular shares | 284,885,570 |
All Other Shares & Deposits | 754,981,590 |
TOTAL SHARES & DEPOSITS | 1,322,586,222 |
TOTAL LIABILITIES | 1,453,007,308 |
Regular Reserve | 0 |
Other Reserves | -2,509,446 |
Undivided Earnings | 202,528,830 |
TOTAL EQUITY | 200,019,384 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,653,026,692 |
INCOME & EXPENSE | |
Loan Income | 42,130,473 |
Investment Income | 18,024,266 |
Other Income | 6,181,477 |
Total Employee Compensation & Benefits | 22,113,457 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,483,001 |
Non-operating Income & (Expense) | -56,973 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 774,170 |
Cost of Funds | 22,785,850 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 19,578,836 |
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