Dec, 31, 2023 — CINFED CREDIT UNION is a federal credit union headquartered in CINCINNATI, OH with 9 branch locations and about $730.55 million in total assets. Opened 49 years ago in 1975, CINFED CREDIT UNION has about 38,057 members and employs 130 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CINFED CREDIT UNION |
|---|---|
| Address: (Main Office) | 4801 Kennedy Avenue CINCINNATI, OH 45209 |
| Phone: | (513) 333-4210 |
| Fax: | |
| Website: | https://www.cinfed.org |
| Branches: | 9 branch locations |
| Members: | 38,057 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21930 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $730,553,127 |
| CEO/Manager: | Jay W Sigler |
| Chairperson: | Noreene Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,997,257 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 396,500 |
| Real Estate Loans | 431,046,489 |
| Unsecured Loans | 30,648,016 |
| Other Loans | 94,269,793 |
| TOTAL LOANS | 555,964,298 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,100,000 |
| Land And Building | 10,115,749 |
| Other Fixed Assets | 3,871,744 |
| NCUSIF Deposit | 5,817,177 |
| All Other Assets | 147,839 |
| TOTAL ASSETS | 730,553,127 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 961,062 |
| Notes & Interest Payable | 38,364,011 |
| Accounts Payable & Other Liabilities | 13,515,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 99,418,037 |
| Regular shares | 125,441,969 |
| All Other Shares & Deposits | 380,551,161 |
| TOTAL SHARES & DEPOSITS | 605,411,167 |
| TOTAL LIABILITIES | 658,297,509 |
| Regular Reserve | 0 |
| Other Reserves | 184,742 |
| Undivided Earnings | 72,070,876 |
| TOTAL EQUITY | 72,255,618 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 730,553,127 |
| INCOME & EXPENSE | |
| Loan Income | 27,328,651 |
| Investment Income | 3,915,970 |
| Other Income | 4,593,725 |
| Total Employee Compensation & Benefits | 10,720,696 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,799,738 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,261,564 |
| Cost of Funds | 11,035,726 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,676,185 |
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