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STEEL VALLEY FEDERAL CREDIT UNION

Jun, 30, 2021 — STEEL VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, OH with 2 branch locations and about $26.22 million in total assets. Opened 55 years ago in 1966, STEEL VALLEY FEDERAL CREDIT UNION has about 4,282 members and employs 8 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:http://www.steelvalleyfcu.org
Branches:2 branch locations
Members:4,282
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$26,224,370
CEO/Manager:Irwin F Caraballo
Chairperson:Chris N Dines

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,215,662
TOTAL INVESTMENTS 693,767
Loans Held for Sale 0
 
 Real Estate Loans 3,025,380
 Unsecured Loans 3,749,558
 Other Loans 6,745,194
 TOTAL LOANS 13,520,132
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -148,898
 Land And Building 276,793
 Other Fixed Assets 57,979
 NCUSIF Deposit 229,625
 All Other Assets 379,310
  TOTAL ASSETS 26,224,370
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 72,193
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,191,968
 Regular shares 13,688,978
 All Other Shares & Deposits 4,894,777
  TOTAL SHARES & DEPOSITS 23,775,723
  TOTAL LIABILITIES 23,847,916
 Regular Reserve 1,086,017
 Other Reserves 113,025
 Undivided Earnings 1,177,412
  TOTAL EQUITY 2,376,454
  TOTAL LIABILITIES, SHARES, & EQUITY 26,224,370
INCOME & EXPENSE  
 Loan Income 451,169
 Investment Income 2,911
 Other Income 120,695
 Total Employee Compensation & Benefits 237,072
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 431,118
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -20,000
 Cost of Funds 13,154
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,656
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