Dec, 31, 2023 — OHIO CATHOLIC FEDERAL CREDIT UNION is a federal credit union headquartered in GARFIELD HTS, OH with 5 branch locations and about $249.46 million in total assets. Opened 70 years ago in 1954, OHIO CATHOLIC FEDERAL CREDIT UNION has about 12,518 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OHIO CATHOLIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 13623 Rockside Rd GARFIELD HTS, OH 44125-5173 |
| Phone: | (216) 663-6800 |
| Fax: | (216) 663-8610 |
| Website: | https://www.ohiocatholicfcu.com |
| Branches: | 5 branch locations |
| Members: | 12,518 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9208 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $249,458,167 |
| CEO/Manager: | Todd Turner |
| Chairperson: | Joe Shaft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,796,147 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 172,000 |
| Real Estate Loans | 112,562,610 |
| Unsecured Loans | 8,823,533 |
| Other Loans | 37,030,676 |
| TOTAL LOANS | 158,416,819 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,767,801 |
| Land And Building | 3,231,014 |
| Other Fixed Assets | 382,669 |
| NCUSIF Deposit | 1,809,269 |
| All Other Assets | 0 |
| TOTAL ASSETS | 249,458,167 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,034 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 1,432,625 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,486,171 |
| Regular shares | 51,310,663 |
| All Other Shares & Deposits | 115,262,895 |
| TOTAL SHARES & DEPOSITS | 200,059,729 |
| TOTAL LIABILITIES | 216,493,388 |
| Regular Reserve | 0 |
| Other Reserves | -1,232,269 |
| Undivided Earnings | 34,197,048 |
| TOTAL EQUITY | 32,964,779 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 249,458,167 |
| INCOME & EXPENSE | |
| Loan Income | 8,312,977 |
| Investment Income | 2,590,905 |
| Other Income | 541,655 |
| Total Employee Compensation & Benefits | 4,608,515 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,870,155 |
| Non-operating Income & (Expense) | 71,213 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 240,000 |
| Cost of Funds | 3,033,758 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,080,446 |
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