EQUITABLE FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.eqfcu.org for more information.
Dec, 31, 2023 — EQUITABLE FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, OH with 1 branch location and about $5.75 million in total assets. Opened 88 years ago in 1936, EQUITABLE FEDERAL CREDIT UNION has about 1,250 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EQUITABLE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1889 BRITTAIN ROAD AKRON, OH 44310 |
| Phone: | (330) 633-7307 |
| Fax: | (330) 633-7607 |
| Website: | https://www.eqfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,250 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1649 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,747,260 |
| CEO/Manager: | Julie R Gardner |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 985,248 |
| TOTAL INVESTMENTS | 2,461,566 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 569,688 |
| Other Loans | 1,663,404 |
| TOTAL LOANS | 2,233,092 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,954 |
| Land And Building | 0 |
| Other Fixed Assets | 26,221 |
| NCUSIF Deposit | 50,165 |
| All Other Assets | 13,922 |
| TOTAL ASSETS | 5,747,260 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,604 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 641,511 |
| Regular shares | 3,351,865 |
| All Other Shares & Deposits | 683,780 |
| TOTAL SHARES & DEPOSITS | 4,677,156 |
| TOTAL LIABILITIES | 4,686,760 |
| Regular Reserve | 365,915 |
| Other Reserves | 0 |
| Undivided Earnings | 694,585 |
| TOTAL EQUITY | 1,060,500 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,747,260 |
| INCOME & EXPENSE | |
| Loan Income | 212,071 |
| Investment Income | 24,365 |
| Other Income | 38,000 |
| Total Employee Compensation & Benefits | 110,908 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 183,286 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,698 |
| Cost of Funds | 4,620 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,567 |
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