OHIO'S FIRST CLASS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.ofccu.com for more information.
Dec, 31, 2023 — OHIO'S FIRST CLASS CREDIT UNION is a non-federally insured state credit union headquartered in Cleveland, OH with 2 branch locations and about $56.44 million in total assets. Opened 2024 years ago in 0, OHIO'S FIRST CLASS CREDIT UNION has about 9,909 members and employs 17 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'S FIRST CLASS CREDIT UNION |
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Address: (Main Office) | P.O. Box 5877 Cleveland, OH 44101-0877 |
Phone: | (216) 241-1088 |
Fax: | (216) 241-3213 |
Website: | https://www.ofccu.com |
Branches: | 2 branch locations |
Members: | 9,909 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 96682 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 0 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,442,223 |
CEO/Manager: | Jeffrey J Spada |
Chairperson: | Daniel Rupp |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,608,888 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 425,022 |
Unsecured Loans | 6,176,543 |
Other Loans | 20,947,535 |
TOTAL LOANS | 27,549,100 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -276,197 |
Land And Building | 736,487 |
Other Fixed Assets | 119,857 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 56,442,223 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,489 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 376,827 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,334,069 |
Regular shares | 37,845,873 |
All Other Shares & Deposits | 3,941,074 |
TOTAL SHARES & DEPOSITS | 50,121,016 |
TOTAL LIABILITIES | 50,504,332 |
Regular Reserve | 0 |
Other Reserves | -228,192 |
Undivided Earnings | 6,166,083 |
TOTAL EQUITY | 5,937,891 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,442,223 |
INCOME & EXPENSE | |
Loan Income | 1,151,811 |
Investment Income | 237,888 |
Other Income | 539,835 |
Total Employee Compensation & Benefits | 801,832 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,488,880 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 158,000 |
Cost of Funds | 75,899 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -193,783 |
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