Jun, 30, 2024 — SYLVANIA AREA FEDERAL CREDIT UNION is a federal credit union headquartered in SYLVANIA, OH with 1 branch location and about $23.41 million in total assets. Opened 59 years ago in 1966, SYLVANIA AREA FEDERAL CREDIT UNION has about 1,956 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: | 1,956 |
| 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: | $23,411,630 |
| CEO/Manager: | Matthew L DeLand |
| Chairperson: | Sara Lievens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,545,922 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 902,143 |
| Unsecured Loans | 536,966 |
| Other Loans | 4,615,122 |
| TOTAL LOANS | 6,054,231 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,144 |
| Land And Building | 206,735 |
| Other Fixed Assets | 37,232 |
| NCUSIF Deposit | 210,776 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,411,630 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 104 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,417,214 |
| Regular shares | 13,868,146 |
| All Other Shares & Deposits | 4,999,080 |
| TOTAL SHARES & DEPOSITS | 22,284,440 |
| TOTAL LIABILITIES | 22,301,551 |
| Regular Reserve | 0 |
| Other Reserves | -754,667 |
| Undivided Earnings | 1,864,746 |
| TOTAL EQUITY | 1,110,079 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,411,630 |
| INCOME & EXPENSE | |
| Loan Income | 214,753 |
| Investment Income | 204,821 |
| Other Income | 52,950 |
| Total Employee Compensation & Benefits | 198,624 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 250,955 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 38,082 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,033 |
| ↑ Back to Top | |