SHERCHEM FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Sep, 30, 2025 — SHERCHEM FEDERAL CREDIT UNION is a federal credit union headquartered in Ashtabula, OH with 1 branch location and about $3.34 million in total assets. Opened 56 years ago in 1970, SHERCHEM FEDERAL CREDIT UNION has about 449 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHERCHEM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2900 Middle Rd., P.O. Box 310 Ashtabula, OH 44004 |
| Phone: | (440) 994-1598 |
| Fax: | (440) 994-1950 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 449 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19920 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,340,172 |
| CEO/Manager: | Marilyn H Pifer |
| Chairperson: | George Ferl |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,421,464 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 31,521 |
| Other Loans | 1,436,813 |
| TOTAL LOANS | 1,468,334 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,103 |
| Land And Building | 0 |
| Other Fixed Assets | 3,295 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 25,364 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,340,172 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 342 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,717 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,871,330 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,871,330 |
| TOTAL LIABILITIES | 2,873,389 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 466,783 |
| TOTAL EQUITY | 466,783 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,340,172 |
| INCOME & EXPENSE | |
| Loan Income | 13,953 |
| Investment Income | 1,058 |
| Other Income | 392 |
| Total Employee Compensation & Benefits | 12,488 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,242 |
| Non-operating Income & (Expense) | 2 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 342 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,667 |
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