Dec, 31, 2023 — ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in YOUNGSTOWN, OH with 4 branch locations and about $183.75 million in total assets. Opened 66 years ago in 1958, ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION has about 14,212 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION |
---|---|
Address: (Main Office) | 1690 S Canfield Niles Rd YOUNGSTOWN, OH 44515-4055 |
Phone: | (330) 792-4000 |
Fax: | (330) 792-4909 |
Website: | https://asecu.com |
Branches: | 4 branch locations |
Members: | 14,212 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68587 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $183,753,769 |
CEO/Manager: | Michael J Kurish |
Chairperson: | Frank Lazzeri |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,928,854 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 40,181,402 |
Unsecured Loans | 2,646,138 |
Other Loans | 79,929,063 |
TOTAL LOANS | 122,756,603 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -519,220 |
Land And Building | 959,649 |
Other Fixed Assets | 195,585 |
NCUSIF Deposit | 1,654,569 |
All Other Assets | 0 |
TOTAL ASSETS | 183,753,769 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 547,544 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 336,364 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,636,154 |
Regular shares | 80,517,043 |
All Other Shares & Deposits | 56,947,297 |
TOTAL SHARES & DEPOSITS | 165,100,496 |
TOTAL LIABILITIES | 165,984,404 |
Regular Reserve | 0 |
Other Reserves | 995,085 |
Undivided Earnings | 16,774,280 |
TOTAL EQUITY | 17,769,365 |
TOTAL LIABILITIES, SHARES, & EQUITY | 183,753,769 |
INCOME & EXPENSE | |
Loan Income | 4,931,337 |
Investment Income | 627,690 |
Other Income | 1,198,997 |
Total Employee Compensation & Benefits | 2,275,879 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,395,732 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,000 |
Cost of Funds | 1,377,207 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 642,206 |
↑ Back to Top |