Dec, 31, 2023 — CANTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CANTON, OH with 4 branch locations and about $380.35 million in total assets. Opened 86 years ago in 1938, CANTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 48,553 members and employs 133 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CANTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1380 Market Ave N CANTON, OH 44714-2606 |
Phone: | (330) 452-9801 |
Fax: | (330) 580-6898 |
Website: | https://www.csefcu.com |
Branches: | 4 branch locations |
Members: | 48,553 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2535 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $380,350,752 |
CEO/Manager: | William T Wittig |
Chairperson: | Howard E Taylor |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,523,030 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 62,108,833 |
Unsecured Loans | 65,066,798 |
Other Loans | 119,224,111 |
TOTAL LOANS | 246,399,742 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,034,026 |
Land And Building | 5,798,913 |
Other Fixed Assets | 511,678 |
NCUSIF Deposit | 3,208,150 |
All Other Assets | 120,055 |
TOTAL ASSETS | 380,350,752 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,874,214 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 58,639,829 |
Regular shares | 113,647,421 |
All Other Shares & Deposits | 163,622,682 |
TOTAL SHARES & DEPOSITS | 335,909,933 |
TOTAL LIABILITIES | 345,784,147 |
Regular Reserve | 0 |
Other Reserves | -5,193,801 |
Undivided Earnings | 39,760,406 |
TOTAL EQUITY | 34,566,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 380,350,752 |
INCOME & EXPENSE | |
Loan Income | 19,060,506 |
Investment Income | 2,274,726 |
Other Income | 4,194,444 |
Total Employee Compensation & Benefits | 12,003,236 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,460,037 |
Non-operating Income & (Expense) | 407,358 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,121,908 |
Cost of Funds | 3,487,462 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,447,562 |
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