Dec, 31, 2023 — OHIO EDUCATIONAL CREDIT UNION is a non-federally insured state credit union headquartered in SEVEN HILLS, OH with 4 branch locations and about $149.18 million in total assets. Opened 124 years ago in 1900, OHIO EDUCATIONAL CREDIT UNION has about 15,182 members and employs 43 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 EDUCATIONAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4141 Rockside Rd Ste 400 SEVEN HILLS, OH 44131 |
| Phone: | (216) 621-6296 |
| Fax: | (216) 621-7150 |
| Website: | https://ohecu.com |
| Branches: | 4 branch locations |
| Members: | 15,182 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95107 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1900 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $149,178,454 |
| CEO/Manager: | Jerome R Valco |
| Chairperson: | Tony H Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,245,795 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,127,480 |
| Unsecured Loans | 8,180,403 |
| Other Loans | 66,621,155 |
| TOTAL LOANS | 98,929,038 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,036,813 |
| Land And Building | 0 |
| Other Fixed Assets | 693,892 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 149,178,454 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,091,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,831,217 |
| Regular shares | 74,499,995 |
| All Other Shares & Deposits | 26,067,059 |
| TOTAL SHARES & DEPOSITS | 135,398,270 |
| TOTAL LIABILITIES | 140,489,357 |
| Regular Reserve | 0 |
| Other Reserves | -2,163,680 |
| Undivided Earnings | 10,852,777 |
| TOTAL EQUITY | 8,689,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 149,178,454 |
| INCOME & EXPENSE | |
| Loan Income | 4,937,156 |
| Investment Income | 1,040,240 |
| Other Income | 1,578,199 |
| Total Employee Compensation & Benefits | 2,936,652 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,874,587 |
| Non-operating Income & (Expense) | -4,650 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 188,676 |
| Cost of Funds | 309,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 969,702 |
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