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SYLVANIA AREA FEDERAL CREDIT UNION

Dec, 31, 2023 — SYLVANIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in SYLVANIA, OH with 1 branch location and about $24.25 million in total assets. Opened 58 years ago in 1966, SYLVANIA AREA FEDERAL CREDIT UNION has about 1,892 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:SYLVANIA AREA FEDERAL CREDIT UNION
Address:
(Main Office)
6613 Maplewood Ave
SYLVANIA, OH 43560
Phone:(419) 882-3525
Fax:(419) 885-2604
Website:https://www.sylvaniaareafcu.com
Branches:1 branch locations
Members:1,892
Credit Union Type:Federal Credit Union
Charter Number:17733
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Aug 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$24,249,656
CEO/Manager:Patricia A Hakeos
Chairperson:Sara Lievens

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,683,486
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,040,806
 Unsecured Loans 567,623
 Other Loans 5,541,884
 TOTAL LOANS 7,150,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,467
 Land And Building 202,160
 Other Fixed Assets 58,218
 NCUSIF Deposit 225,855
 All Other Assets 0
  TOTAL ASSETS 24,249,656
LIABILITIES & CAPITAL:  
 Dividends Payable 4
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,755
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,720,708
 Regular shares 9,460,765
 All Other Shares & Deposits 10,733,121
  TOTAL SHARES & DEPOSITS 22,914,594
  TOTAL LIABILITIES 22,932,353
 Regular Reserve 0
 Other Reserves -989,820
 Undivided Earnings 2,307,123
  TOTAL EQUITY 1,317,303
  TOTAL LIABILITIES, SHARES, & EQUITY 24,249,656
INCOME & EXPENSE  
 Loan Income 391,352
 Investment Income 400,984
 Other Income 70,594
 Total Employee Compensation & Benefits 266,273
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 336,469
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 268,959
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,395
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