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OHIO TEAMSTERS CREDIT UNION

Dec, 31, 2023 — OHIO TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, OH with 2 branch locations and about $15.68 million in total assets. Opened 84 years ago in 1940, OHIO TEAMSTERS CREDIT UNION has about 2,798 members and employs 3 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 TEAMSTERS CREDIT UNION
Address:
(Main Office)
6100 Rockside Woods Blvd N Ste 150
INDEPENDENCE, OH 44131-2334
Phone:(216) 573-6700
Fax:(216) 573-6732
Website:https://www.ohioteamsterscu.com
Branches:2 branch locations
Members:2,798
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61136
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1940
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$15,680,570
CEO/Manager:John R Schaffner
Chairperson:Dennis Kashi

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,847,036
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 660,930
 Unsecured Loans 518,342
 Other Loans 9,215,955
 TOTAL LOANS 10,395,228
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -258,546
 Land And Building 0
 Other Fixed Assets 13,409
 NCUSIF Deposit 123,412
 All Other Assets 0
  TOTAL ASSETS 15,680,570
LIABILITIES & CAPITAL:  
 Dividends Payable 268
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,706
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 842,697
 Regular shares 8,387,798
 All Other Shares & Deposits 2,142,984
  TOTAL SHARES & DEPOSITS 11,373,483
  TOTAL LIABILITIES 11,388,457
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,292,113
  TOTAL EQUITY 4,292,113
  TOTAL LIABILITIES, SHARES, & EQUITY 15,680,570
INCOME & EXPENSE  
 Loan Income 503,160
 Investment Income 199,563
 Other Income 179,992
 Total Employee Compensation & Benefits 321,486
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 387,478
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 39,339
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 149,594
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