Sep, 30, 2021 — SHUFORD FEDERAL CREDIT UNION is a federal credit union headquartered in Hickory, NC with 2 branch locations and about $32.57 million in total assets. Opened 55 years ago in 1967, SHUFORD FEDERAL CREDIT UNION has about 4,424 members and employs 10 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: | 4,424 |
| 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: | $32,573,588 |
| CEO/Manager: | Jerry Gaillard |
| Chairperson: | Bruce Blackburn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,000,369 |
| TOTAL INVESTMENTS | 3,184,952 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,481,083 |
| Unsecured Loans | 484,983 |
| Other Loans | 7,223,445 |
| TOTAL LOANS | 18,213,352 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,853 |
| Land And Building | 803,408 |
| Other Fixed Assets | 70,286 |
| NCUSIF Deposit | 254,343 |
| All Other Assets | 116,731 |
| TOTAL ASSETS | 32,573,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 47,069 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 80,186 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,800,286 |
| Regular shares | 10,196,702 |
| All Other Shares & Deposits | 14,353,965 |
| TOTAL SHARES & DEPOSITS | 29,350,953 |
| TOTAL LIABILITIES | 29,478,208 |
| Regular Reserve | 672,445 |
| Other Reserves | 0 |
| Undivided Earnings | 2,422,935 |
| TOTAL EQUITY | 3,095,380 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,573,588 |
| INCOME & EXPENSE | |
| Loan Income | 808,988 |
| Investment Income | 13,710 |
| Other Income | 138,234 |
| Total Employee Compensation & Benefits | 397,853 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 617,999 |
| Non-operating Income & (Expense) | 20,534 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,354 |
| Cost of Funds | 52,109 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 119,101 |
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