Dec, 31, 2023 — EIGHT FEDERAL CREDIT UNION is a federal credit union headquartered in ROSSFORD, OH with 1 branch location and about $19.07 million in total assets. Opened 54 years ago in 1970, EIGHT FEDERAL CREDIT UNION has about 2,411 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EIGHT FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 727 Lime City Rd ROSSFORD, OH 43460 |
Phone: | (419) 666-7334 |
Fax: | (419) 666-3760 |
Website: | https://eightfederalcu.org |
Branches: | 1 branch locations |
Members: | 2,411 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20222 |
---|---|
Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,074,978 |
CEO/Manager: | Timothy R Ozuk |
Chairperson: | Keith Stanbery |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,532,345 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 609,970 |
Unsecured Loans | 661,428 |
Other Loans | 7,291,562 |
TOTAL LOANS | 8,562,960 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,038 |
Land And Building | 0 |
Other Fixed Assets | 15,367 |
NCUSIF Deposit | 170,730 |
All Other Assets | 0 |
TOTAL ASSETS | 19,074,978 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 21,876 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,502,408 |
Regular shares | 12,214,259 |
All Other Shares & Deposits | 1,621,679 |
TOTAL SHARES & DEPOSITS | 16,338,346 |
TOTAL LIABILITIES | 16,360,222 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,714,756 |
TOTAL EQUITY | 2,714,756 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,074,978 |
INCOME & EXPENSE | |
Loan Income | 428,845 |
Investment Income | 348,673 |
Other Income | 40,336 |
Total Employee Compensation & Benefits | 213,687 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 297,796 |
Non-operating Income & (Expense) | -2,290 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,000 |
Cost of Funds | 86,576 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 292,344 |
↑ Back to Top |