SHERCHEM FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — 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 54 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 |
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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 |
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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 |
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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 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 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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» See also Statement of Financial Condition