Sep, 30, 2025 — SHUFORD FEDERAL CREDIT UNION is a federal credit union headquartered in HICKORY, NC with 2 branch locations and about $35.64 million in total assets. Opened 59 years ago in 1967, SHUFORD FEDERAL CREDIT UNION has about 4,463 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHUFORD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 882 16th St NE HICKORY, NC 28601 |
| Phone: | (828) 568-1234 |
| Fax: | (828) 568-1235 |
| Website: | https://www.shufordcu.org |
| Branches: | 2 branch locations |
| Members: | 4,463 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24811 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $35,639,311 |
| CEO/Manager: | Jerry Gaillard |
| Chairperson: | Bruce Blackburn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,640,974 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,525,755 |
| Unsecured Loans | 521,360 |
| Other Loans | 10,913,650 |
| TOTAL LOANS | 29,960,764 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,406 |
| Land And Building | 717,741 |
| Other Fixed Assets | 77,643 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 271,858 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,639,311 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 100,700 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 659,019 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,513,885 |
| Regular shares | 10,307,077 |
| All Other Shares & Deposits | 14,421,763 |
| TOTAL SHARES & DEPOSITS | 30,242,725 |
| TOTAL LIABILITIES | 31,002,444 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,636,867 |
| TOTAL EQUITY | 4,636,867 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,639,311 |
| INCOME & EXPENSE | |
| Loan Income | 1,468,694 |
| Investment Income | 117,806 |
| Other Income | 129,489 |
| Total Employee Compensation & Benefits | 622,999 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 700,743 |
| Non-operating Income & (Expense) | 48,320 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,160 |
| Cost of Funds | 206,794 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 392,554 |
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