Dec, 31, 2023 — STEEL VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, OH with 1 branch location and about $23.40 million in total assets. Opened 58 years ago in 1966, STEEL VALLEY FEDERAL CREDIT UNION has about 3,858 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STEEL VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3840 Pearl Rd CLEVELAND, OH 44109-2751 |
| Phone: | (216) 741-9430 |
| Fax: | (216) 741-2670 |
| Website: | https://www.steelvalleyfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,858 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17555 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $23,398,960 |
| CEO/Manager: | Irwin F Caraballo |
| Chairperson: | Joann Melaragno |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,636,780 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,355,719 |
| Unsecured Loans | 2,408,094 |
| Other Loans | 8,081,666 |
| TOTAL LOANS | 12,845,479 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -245,981 |
| Land And Building | 239,482 |
| Other Fixed Assets | 15,903 |
| NCUSIF Deposit | 223,301 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,398,960 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 131,691 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,616,649 |
| Regular shares | 12,249,583 |
| All Other Shares & Deposits | 3,188,113 |
| TOTAL SHARES & DEPOSITS | 21,054,345 |
| TOTAL LIABILITIES | 21,186,036 |
| Regular Reserve | 0 |
| Other Reserves | 1,131,026 |
| Undivided Earnings | 1,081,898 |
| TOTAL EQUITY | 2,212,924 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,398,960 |
| INCOME & EXPENSE | |
| Loan Income | 699,377 |
| Investment Income | 430,307 |
| Other Income | 236,994 |
| Total Employee Compensation & Benefits | 507,309 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 721,620 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 142,546 |
| Cost of Funds | 17,245 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 137,499 |
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