Dec, 31, 2023 — EMERALD CREDIT UNION, INC is a non-federally insured state credit union headquartered in GARFIELD HTS, OH with 1 branch location and about $34.84 million in total assets. Opened 69 years ago in 1955, EMERALD CREDIT UNION, INC has about 3,923 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMERALD CREDIT UNION, INC |
|---|---|
| Address: (Main Office) | 13201 GRANGER RD STE 1 GARFIELD HTS, OH 44125 |
| Phone: | (216) 581-5581 |
| Fax: | (216) 265-1000 |
| Website: | https://www.emeraldgcu.com |
| Branches: | 1 branch locations |
| Members: | 3,923 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97077 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,843,153 |
| CEO/Manager: | WENDY J DRIVER |
| Chairperson: | RICHARD A STEFANKO |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,316,980 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,859,574 |
| Unsecured Loans | 2,924,337 |
| Other Loans | 6,805,482 |
| TOTAL LOANS | 21,589,393 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,641 |
| Land And Building | 503,017 |
| Other Fixed Assets | 16,018 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,843,153 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 517,770 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,343,758 |
| Regular shares | 19,888,261 |
| All Other Shares & Deposits | 4,782,767 |
| TOTAL SHARES & DEPOSITS | 31,014,786 |
| TOTAL LIABILITIES | 31,532,556 |
| Regular Reserve | 0 |
| Other Reserves | -17,605 |
| Undivided Earnings | 3,328,202 |
| TOTAL EQUITY | 3,310,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,843,153 |
| INCOME & EXPENSE | |
| Loan Income | 1,213,062 |
| Investment Income | 282,404 |
| Other Income | 385,221 |
| Total Employee Compensation & Benefits | 886,013 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 985,370 |
| Non-operating Income & (Expense) | -15 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,021 |
| Cost of Funds | 54,265 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 79,313 |
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