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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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