Sep, 30, 2025 — STEEL VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, OH with 1 branch location and about $21.63 million in total assets. Opened 60 years ago in 1966, STEEL VALLEY FEDERAL CREDIT UNION has about 3,281 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STEEL VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3840 Pearl Rd CLEVELAND, OH 44109-2751 |
| Phone: | (216) 741-9430 |
| Fax: | (216) 741-2670 |
| Website: | https://www.steelvalleyfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,281 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17555 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $21,628,024 |
| CEO/Manager: | Irwin F Caraballo |
| Chairperson: | Joann Melaragno |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,842,346 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,284,852 |
| Unsecured Loans | 1,969,662 |
| Other Loans | 6,607,615 |
| TOTAL LOANS | 10,862,129 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -265,729 |
| Land And Building | 237,465 |
| Other Fixed Assets | 24,415 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 197,746 |
| All Other Assets | 59,241 |
| TOTAL ASSETS | 21,628,024 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 89,884 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,558,585 |
| Regular shares | 10,971,680 |
| All Other Shares & Deposits | 2,773,531 |
| TOTAL SHARES & DEPOSITS | 19,303,796 |
| TOTAL LIABILITIES | 19,393,680 |
| Regular Reserve | 0 |
| Other Reserves | 113,025 |
| Undivided Earnings | 2,121,319 |
| TOTAL EQUITY | 2,234,344 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,628,024 |
| INCOME & EXPENSE | |
| Loan Income | 474,860 |
| Investment Income | 293,472 |
| Other Income | 147,378 |
| Total Employee Compensation & Benefits | 406,610 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 576,929 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,982 |
| Cost of Funds | 15,760 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,851 |
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