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SHUFORD FEDERAL CREDIT UNION

Mar, 31, 2022 — SHUFORD FEDERAL CREDIT UNION is a federal credit union headquartered in HICKORY, NC with 2 branch locations and about $33.91 million in total assets. Opened 55 years ago in 1967, SHUFORD FEDERAL CREDIT UNION has about 4,413 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:http://www.shufordcu.org
Branches:2 branch locations
Members:4,413
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$33,914,998
CEO/Manager:Jerry Gaillard
Chairperson:Bruce Blackburn

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,227,896
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,290,162
 Unsecured Loans 455,990
 Other Loans 7,480,975
 TOTAL LOANS 18,227,127
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -38,039
 Land And Building 791,660
 Other Fixed Assets 68,535
 NCUSIF Deposit 254,343
 All Other Assets 0
  TOTAL ASSETS 33,914,998
LIABILITIES & CAPITAL:  
 Dividends Payable 34,935
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 75,535
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,817,369
 Regular shares 10,679,207
 All Other Shares & Deposits 15,188,727
  TOTAL SHARES & DEPOSITS 30,685,303
  TOTAL LIABILITIES 30,795,773
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,119,225
  TOTAL EQUITY 3,119,225
  TOTAL LIABILITIES, SHARES, & EQUITY 33,914,998
INCOME & EXPENSE  
 Loan Income 256,532
 Investment Income 6,313
 Other Income 46,227
 Total Employee Compensation & Benefits 133,923
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 210,678
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -3,078
 Cost of Funds 16,052
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,795
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