Dec, 31, 2023 — TALERIS CREDIT UNION is a non-federally insured state credit union headquartered in INDEPENDENCE, OH with 1 branch location and about $68.95 million in total assets. Opened 89 years ago in 1935, TALERIS CREDIT UNION has about 5,972 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TALERIS CREDIT UNION |
|---|---|
| Address: (Main Office) | 6111 Oak Tree Blvd Ste 110 INDEPENDENCE, OH 44131-2585 |
| Phone: | (216) 739-2300 |
| Fax: | (216) 739-1000 |
| Website: | https://www.taleriscu.org |
| Branches: | 1 branch locations |
| Members: | 5,972 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95821 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,952,079 |
| CEO/Manager: | Robin D Thomas |
| Chairperson: | Donald Salsbury |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,202,576 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,813,452 |
| Unsecured Loans | 611,148 |
| Other Loans | 22,495,538 |
| TOTAL LOANS | 48,920,138 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,991 |
| Land And Building | 1,802,234 |
| Other Fixed Assets | 70,891 |
| NCUSIF Deposit | 0 |
| All Other Assets | 56,155 |
| TOTAL ASSETS | 68,952,079 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 52,051 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 441,792 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,246,994 |
| Regular shares | 32,225,444 |
| All Other Shares & Deposits | 13,707,125 |
| TOTAL SHARES & DEPOSITS | 59,179,563 |
| TOTAL LIABILITIES | 61,673,406 |
| Regular Reserve | 0 |
| Other Reserves | -1,214,157 |
| Undivided Earnings | 8,492,830 |
| TOTAL EQUITY | 7,278,673 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,952,079 |
| INCOME & EXPENSE | |
| Loan Income | 2,149,351 |
| Investment Income | 447,379 |
| Other Income | 264,099 |
| Total Employee Compensation & Benefits | 1,407,596 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,537,676 |
| Non-operating Income & (Expense) | 81,539 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -126,288 |
| Cost of Funds | 324,802 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,814 |
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