Dec, 31, 2023 — PRESIDENTS FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVES, OH with 1 branch location and about $15.95 million in total assets. Opened 30 years ago in 1994, PRESIDENTS FEDERAL CREDIT UNION has about 1,338 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PRESIDENTS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4135 Hamilton Cleves Rd CLEVES, OH 45002-9755 |
| Phone: | (513) 941-6675 |
| Fax: | (513) 941-8240 |
| Website: | https://www.presidentsfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,338 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24530 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1994 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,945,484 |
| CEO/Manager: | Jeffrey T Hillgrove |
| Chairperson: | David Mattingly |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,488,943 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,279,464 |
| Unsecured Loans | 890,336 |
| Other Loans | 3,362,151 |
| TOTAL LOANS | 5,531,950 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,810 |
| Land And Building | 561,466 |
| Other Fixed Assets | 2,932 |
| NCUSIF Deposit | 143,974 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,945,484 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 97 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 222,746 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,559,056 |
| Regular shares | 10,297,918 |
| All Other Shares & Deposits | 284,164 |
| TOTAL SHARES & DEPOSITS | 14,141,139 |
| TOTAL LIABILITIES | 14,363,982 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,581,502 |
| TOTAL EQUITY | 1,581,502 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,945,484 |
| INCOME & EXPENSE | |
| Loan Income | 404,790 |
| Investment Income | 438,607 |
| Other Income | 79,676 |
| Total Employee Compensation & Benefits | 344,944 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 361,897 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,929 |
| Cost of Funds | 7,682 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 323,936 |
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