Dec, 31, 2023 — SOLON/CHAGRIN FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in SOLON, OH with 1 branch location and about $9.02 million in total assets. Opened 61 years ago in 1963, SOLON/CHAGRIN FALLS FEDERAL CREDIT UNION has about 720 members 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 |
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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: | 720 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15451 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,021,204 |
CEO/Manager: | Kirk B Miller |
Chairperson: | Cheryl Ockunzzi |
ASSETS: | $ Amount |
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Cash & Equivalents | -43,001 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,914,703 |
Unsecured Loans | 155,531 |
Other Loans | 1,230,273 |
TOTAL LOANS | 3,300,507 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,720 |
Land And Building | 0 |
Other Fixed Assets | 7,106 |
NCUSIF Deposit | 80,499 |
All Other Assets | 0 |
TOTAL ASSETS | 9,021,204 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 44,565 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,209 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,916,372 |
All Other Shares & Deposits | 1,312,409 |
TOTAL SHARES & DEPOSITS | 7,228,781 |
TOTAL LIABILITIES | 7,291,555 |
Regular Reserve | 0 |
Other Reserves | 160,037 |
Undivided Earnings | 1,569,612 |
TOTAL EQUITY | 1,729,649 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,021,204 |
INCOME & EXPENSE | |
Loan Income | 227,875 |
Investment Income | 132,857 |
Other Income | 2,654 |
Total Employee Compensation & Benefits | 127,207 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 53,926 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,200 |
Cost of Funds | 153,577 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 46,291 |
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