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EIGHT FEDERAL CREDIT UNION

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.


ABA Routing Number: 241281976
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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