Dec, 31, 2023 — HOLY FAMILY PARMA FEDERAL CREDIT UNION is a federal credit union headquartered in PARMA, OH with 1 branch location and about $18.22 million in total assets. Opened 71 years ago in 1953, HOLY FAMILY PARMA FEDERAL CREDIT UNION has about 1,272 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOLY FAMILY PARMA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7367 York Rd PARMA, OH 44130-5162 |
| Phone: | (440) 842-1620 |
| Fax: | (440) 842-8586 |
| Website: | https://www.holyfamilycreditunion.com/ |
| Branches: | 1 branch locations |
| Members: | 1,272 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8944 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,220,445 |
| CEO/Manager: | Raymond P Welling |
| Chairperson: | James C Ottogalli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 510,224 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,159,751 |
| Unsecured Loans | 38,341 |
| Other Loans | 2,680,796 |
| TOTAL LOANS | 4,099,370 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,520 |
| Land And Building | 350,081 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 167,947 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,220,445 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 36,438 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 86,530 |
| Regular shares | 10,906,538 |
| All Other Shares & Deposits | 3,860,508 |
| TOTAL SHARES & DEPOSITS | 14,853,576 |
| TOTAL LIABILITIES | 14,890,014 |
| Regular Reserve | 0 |
| Other Reserves | 266,738 |
| Undivided Earnings | 3,063,693 |
| TOTAL EQUITY | 3,330,431 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,220,445 |
| INCOME & EXPENSE | |
| Loan Income | 185,266 |
| Investment Income | 292,195 |
| Other Income | 10,391 |
| Total Employee Compensation & Benefits | 199,522 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 131,488 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 83,322 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 94,892 |
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