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 |
| 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 |
| ↑ Back to Top | |