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PLUMBERS 55 FEDERAL CREDIT UNION

Jun, 30, 2021 — PLUMBERS 55 FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN HEIGHT, OH with 1 branch location and about $3.18 million in total assets. Opened 54 years ago in 1967, PLUMBERS 55 FEDERAL CREDIT UNION has about 981 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PLUMBERS 55 FEDERAL CREDIT UNION
Address:
(Main Office)
980 KEYNOTE CIR
BROOKLYN HEIGHT, OH 44131-1828
Phone:(216) 459-2432
Fax:(216) 459-2432
Website:n/a
Branches:1 branch locations
Members:981
Credit Union Type:Federal Credit Union
Charter Number:18013
Membership Type:Associational - Fraternal, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1967
Last Audited:Mar 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$3,176,659
CEO/Manager:BILL SNORTELAND
Chairperson:George J Porvasnik

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 451,571
TOTAL INVESTMENTS 2,239,370
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 38,673
 Other Loans 423,201
 TOTAL LOANS 461,874
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,165
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 26,806
 All Other Assets 10,203
  TOTAL ASSETS 3,176,659
LIABILITIES & CAPITAL:  
 Dividends Payable 2,223
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 63,416
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,589,422
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,589,422
  TOTAL LIABILITIES 2,655,061
 Regular Reserve 89,237
 Other Reserves 0
 Undivided Earnings 432,361
  TOTAL EQUITY 521,598
  TOTAL LIABILITIES, SHARES, & EQUITY 3,176,659
INCOME & EXPENSE  
 Loan Income 12,783
 Investment Income 15,438
 Other Income 271
 Total Employee Compensation & Benefits 16,133
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 11,378
 Non-operating Income & (Expense) 77
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,348
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,290
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