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PLUMBERS 55 FEDERAL CREDIT UNION

Mar, 31, 2021 — PLUMBERS 55 FEDERAL CREDIT UNION is a federal credit union headquartered in BROOKLYN HEIGHT, OH with 1 branch location and about $3.41 million in total assets. Opened 54 years ago in 1967, PLUMBERS 55 FEDERAL CREDIT UNION has about 976 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:976
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:$3,411,481
CEO/Manager:BILL SNORTELAND
Chairperson:George J Porvasnik

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 744,960
TOTAL INVESTMENTS 2,128,976
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 41,023
 Other Loans 473,582
 TOTAL LOANS 514,605
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,039
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 25,265
 All Other Assets 10,714
  TOTAL ASSETS 3,411,481
LIABILITIES & CAPITAL:  
 Dividends Payable 2,228
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 75,327
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,810,767
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,810,767
  TOTAL LIABILITIES 2,888,322
 Regular Reserve 89,237
 Other Reserves 0
 Undivided Earnings 433,922
  TOTAL EQUITY 523,159
  TOTAL LIABILITIES, SHARES, & EQUITY 3,411,481
INCOME & EXPENSE  
 Loan Income 6,446
 Investment Income 7,768
 Other Income 167
 Total Employee Compensation & Benefits 8,045
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,854
 Non-operating Income & (Expense) 16
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,228
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,730
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