Mar, 31, 2021 — PORT CONNEAUT FEDERAL CREDIT UNION is a federal credit union headquartered in Conneaut, OH with 2 branch locations and about $34.47 million in total assets. Opened 63 years ago in 1958, PORT CONNEAUT FEDERAL CREDIT UNION has about 4,904 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: | 4,904 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,468,747 |
| CEO/Manager: | Mark K Wheeler |
| Chairperson: | Angela Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,550,929 |
| TOTAL INVESTMENTS | 9,038,107 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,577,871 |
| Unsecured Loans | 1,866,081 |
| Other Loans | 6,144,907 |
| TOTAL LOANS | 12,697,213 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -342,824 |
| Land And Building | 502,982 |
| Other Fixed Assets | 71,820 |
| NCUSIF Deposit | 241,873 |
| All Other Assets | 708,647 |
| TOTAL ASSETS | 34,468,747 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 380,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,270,601 |
| Regular shares | 16,674,492 |
| All Other Shares & Deposits | 7,092,909 |
| TOTAL SHARES & DEPOSITS | 31,038,002 |
| TOTAL LIABILITIES | 31,418,921 |
| Regular Reserve | 469,173 |
| Other Reserves | 240,462 |
| Undivided Earnings | 2,340,191 |
| TOTAL EQUITY | 3,049,826 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,468,747 |
| INCOME & EXPENSE | |
| Loan Income | 221,183 |
| Investment Income | 29,428 |
| Other Income | 64,642 |
| Total Employee Compensation & Benefits | 193,372 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 232,806 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 10,832 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -58,853 |
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