Dec, 31, 2023 — GEAUGA CREDIT UNION is a federally insured state chartered credit union headquartered in BURTON, OH with 1 branch location and about $68.34 million in total assets. Opened 68 years ago in 1956, GEAUGA CREDIT UNION has about 6,455 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GEAUGA CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 839 BURTON, OH 44021 |
| Phone: | (440) 834-4327 |
| Fax: | (440) 834-0455 |
| Website: | https://www.geaugacreditunion.com |
| Branches: | 1 branch locations |
| Members: | 6,455 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61220 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,339,977 |
| CEO/Manager: | lisa briggs |
| Chairperson: | Daniel Burkholder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,454,278 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,724,409 |
| Unsecured Loans | 2,039,851 |
| Other Loans | 15,976,064 |
| TOTAL LOANS | 59,498,414 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,600,981 |
| Land And Building | 1,317,545 |
| Other Fixed Assets | 119,858 |
| NCUSIF Deposit | 590,450 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,339,977 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 167,375 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 184,135 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,513,435 |
| Regular shares | 34,075,371 |
| All Other Shares & Deposits | 9,139,880 |
| TOTAL SHARES & DEPOSITS | 59,728,687 |
| TOTAL LIABILITIES | 60,080,197 |
| Regular Reserve | 0 |
| Other Reserves | 502,194 |
| Undivided Earnings | 7,757,586 |
| TOTAL EQUITY | 8,259,780 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,339,977 |
| INCOME & EXPENSE | |
| Loan Income | 3,141,421 |
| Investment Income | 676,399 |
| Other Income | 144,090 |
| Total Employee Compensation & Benefits | 500,897 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 894,284 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 776,054 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,884,307 |
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