Dec, 31, 2023 — SHAREFAX CREDIT UNION is a federally insured state chartered credit union headquartered in CINCINNATI, OH with 6 branch locations and about $504.57 million in total assets. Opened 64 years ago in 1960, SHAREFAX CREDIT UNION has about 31,315 members and employs 85 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHAREFAX CREDIT UNION |
|---|---|
| Address: (Main Office) | 604 IVY GATEWAY CINCINNATI, OH 45245 |
| Phone: | (513) 753-2440 |
| Fax: | (513) 752-1380 |
| Website: | https://www.sharefax.org |
| Branches: | 6 branch locations |
| Members: | 31,315 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61090 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $504,566,957 |
| CEO/Manager: | Todd CAIN |
| Chairperson: | DAVID S AARONSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,594,716 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 144,831,261 |
| Unsecured Loans | 8,519,915 |
| Other Loans | 203,813,221 |
| TOTAL LOANS | 357,258,695 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -826,316 |
| Land And Building | 11,880,789 |
| Other Fixed Assets | 1,478,005 |
| NCUSIF Deposit | 4,083,452 |
| All Other Assets | 252,785 |
| TOTAL ASSETS | 504,566,957 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,821,523 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 58,023,579 |
| Regular shares | 80,539,512 |
| All Other Shares & Deposits | 316,674,136 |
| TOTAL SHARES & DEPOSITS | 455,237,226 |
| TOTAL LIABILITIES | 457,058,749 |
| Regular Reserve | 0 |
| Other Reserves | -1,337,216 |
| Undivided Earnings | 48,845,424 |
| TOTAL EQUITY | 47,508,208 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 504,566,957 |
| INCOME & EXPENSE | |
| Loan Income | 15,083,575 |
| Investment Income | 1,623,920 |
| Other Income | 3,076,150 |
| Total Employee Compensation & Benefits | 6,452,463 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,815,018 |
| Non-operating Income & (Expense) | 67,837 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 263,369 |
| Cost of Funds | 8,372,627 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,298,740 |
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