Dec, 31, 2020 — PORT CONNEAUT FEDERAL CREDIT UNION is a federal credit union headquartered in Conneaut, OH with 2 branch locations and about $31.14 million in total assets. Opened 63 years ago in 1958, PORT CONNEAUT FEDERAL CREDIT UNION has about 4,867 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PORT CONNEAUT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1002 Broad St Conneaut, OH 44030 |
| Phone: | (440) 593-7350 |
| Fax: | (440) 593-7352 |
| Website: | http://www.portconnfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,867 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12351 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,141,358 |
| CEO/Manager: | Mark K Wheeler |
| Chairperson: | Angela Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,151,023 |
| TOTAL INVESTMENTS | 8,001,381 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,789,576 |
| Unsecured Loans | 2,180,282 |
| Other Loans | 6,234,415 |
| TOTAL LOANS | 13,310,640 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -348,487 |
| Land And Building | 507,054 |
| Other Fixed Assets | 66,879 |
| NCUSIF Deposit | 241,873 |
| All Other Assets | 210,995 |
| TOTAL ASSETS | 31,141,358 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 511,397 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,899,608 |
| Regular shares | 14,821,606 |
| All Other Shares & Deposits | 6,800,628 |
| TOTAL SHARES & DEPOSITS | 27,521,842 |
| TOTAL LIABILITIES | 28,033,239 |
| Regular Reserve | 469,173 |
| Other Reserves | 240,462 |
| Undivided Earnings | 2,398,484 |
| TOTAL EQUITY | 3,108,119 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,141,358 |
| INCOME & EXPENSE | |
| Loan Income | 948,536 |
| Investment Income | 168,821 |
| Other Income | 588,779 |
| Total Employee Compensation & Benefits | 691,350 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 860,120 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,560 |
| Cost of Funds | 67,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,514 |
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