Dec, 31, 2023 — EATON FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in EUCLID, OH with 6 branch locations and about $79.14 million in total assets. Opened 87 years ago in 1937, EATON FAMILY CREDIT UNION has about 12,262 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EATON FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 333 Babbitt Rd EUCLID, OH 44123-1647 |
| Phone: | (216) 920-2000 |
| Fax: | (216) 920-2030 |
| Website: | https://www.eatonfamilycu.com |
| Branches: | 6 branch locations |
| Members: | 12,262 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68354 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $79,137,289 |
| CEO/Manager: | Michael Losneck |
| Chairperson: | Suresh Babu |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,602,146 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,497,514 |
| Unsecured Loans | 2,939,466 |
| Other Loans | 21,038,355 |
| TOTAL LOANS | 57,475,335 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -731,858 |
| Land And Building | 318,676 |
| Other Fixed Assets | 74,467 |
| NCUSIF Deposit | 678,277 |
| All Other Assets | 0 |
| TOTAL ASSETS | 79,137,289 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 697,834 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,898,652 |
| Regular shares | 25,926,758 |
| All Other Shares & Deposits | 31,490,550 |
| TOTAL SHARES & DEPOSITS | 68,315,960 |
| TOTAL LIABILITIES | 73,013,794 |
| Regular Reserve | 0 |
| Other Reserves | -1,960,816 |
| Undivided Earnings | 8,084,311 |
| TOTAL EQUITY | 6,123,495 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,137,289 |
| INCOME & EXPENSE | |
| Loan Income | 3,170,250 |
| Investment Income | 408,956 |
| Other Income | 773,419 |
| Total Employee Compensation & Benefits | 1,286,901 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,644,745 |
| Non-operating Income & (Expense) | 55,800 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 374,397 |
| Cost of Funds | 928,228 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 211,444 |
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