Dec, 31, 2023 — CLEVELAND SELFRELIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in PARMA, OH with 4 branch locations and about $101.27 million in total assets. Opened 30 years ago in 1994, CLEVELAND SELFRELIANCE FEDERAL CREDIT UNION has about 3,353 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CLEVELAND SELFRELIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6108 State Rd PARMA, OH 44134-3702 |
| Phone: | (440) 884-9111 |
| Fax: | (440) 884-1719 |
| Website: | https://clevelandselfreliance.com |
| Branches: | 4 branch locations |
| Members: | 3,353 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24516 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1994 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $101,273,422 |
| CEO/Manager: | OREST LISCYNESKY |
| Chairperson: | ANNA BARRETT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,663,407 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,278,808 |
| Unsecured Loans | 231,551 |
| Other Loans | 644,158 |
| TOTAL LOANS | 21,154,519 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,463 |
| Land And Building | 710,834 |
| Other Fixed Assets | 44,967 |
| NCUSIF Deposit | 733,976 |
| All Other Assets | 0 |
| TOTAL ASSETS | 101,273,422 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 248,830 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,932,614 |
| Regular shares | 34,610,708 |
| All Other Shares & Deposits | 34,495,388 |
| TOTAL SHARES & DEPOSITS | 83,038,711 |
| TOTAL LIABILITIES | 83,287,541 |
| Regular Reserve | 0 |
| Other Reserves | 5,302,391 |
| Undivided Earnings | 12,683,490 |
| TOTAL EQUITY | 17,985,881 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,273,422 |
| INCOME & EXPENSE | |
| Loan Income | 948,518 |
| Investment Income | 2,933,363 |
| Other Income | 1,904 |
| Total Employee Compensation & Benefits | 763,091 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 872,660 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,882 |
| Cost of Funds | 1,061,220 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,225,035 |
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