Sep, 30, 2025 — SOLON/CHAGRIN FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in SOLON, OH with 1 branch location and about $9.51 million in total assets. Opened 63 years ago in 1963, SOLON/CHAGRIN FALLS FEDERAL CREDIT UNION has about 640 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOLON/CHAGRIN FALLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 33600 Inwood Dr SOLON, OH 44139-4132 |
| Phone: | (440) 349-6257 |
| Fax: | (440) 349-7297 |
| Website: | https://www.soloncu.com |
| Branches: | 1 branch locations |
| Members: | 640 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15451 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,507,241 |
| CEO/Manager: | Kirk B Miller |
| Chairperson: | Cheryl Ockunzzi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 187,012 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,329,932 |
| Unsecured Loans | 169,322 |
| Other Loans | 711,265 |
| TOTAL LOANS | 3,210,519 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,046 |
| Land And Building | 0 |
| Other Fixed Assets | 3,693 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 75,159 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,507,241 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 53,028 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,725 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,560,917 |
| All Other Shares & Deposits | 2,020,997 |
| TOTAL SHARES & DEPOSITS | 7,581,914 |
| TOTAL LIABILITIES | 7,658,667 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,848,574 |
| TOTAL EQUITY | 1,848,574 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,507,241 |
| INCOME & EXPENSE | |
| Loan Income | 176,945 |
| Investment Income | 207,798 |
| Other Income | 2,070 |
| Total Employee Compensation & Benefits | 113,041 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 37,162 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 170,284 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 66,326 |
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