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SHUFORD FEDERAL CREDIT UNION

Jun, 30, 2021 — SHUFORD FEDERAL CREDIT UNION is a federal credit union headquartered in Hickory, NC with 2 branch locations and about $31.94 million in total assets. Opened 54 years ago in 1967, SHUFORD FEDERAL CREDIT UNION has about 4,414 members and employs 11 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:4,414
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$31,940,678
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 9,458,513
TOTAL INVESTMENTS 2,936,952
Loans Held for Sale 0
 
 Real Estate Loans 10,710,320
 Unsecured Loans 471,269
 Other Loans 7,136,838
 TOTAL LOANS 18,343,720
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -69,798
 Land And Building 809,282
 Other Fixed Assets 64,754
 NCUSIF Deposit 254,343
 All Other Assets 142,912
  TOTAL ASSETS 31,940,678
LIABILITIES & CAPITAL:  
 Dividends Payable 42,693
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 86,377
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,496,135
 Regular shares 9,970,603
 All Other Shares & Deposits 14,287,943
  TOTAL SHARES & DEPOSITS 28,754,681
  TOTAL LIABILITIES 28,883,751
 Regular Reserve 672,445
 Other Reserves 0
 Undivided Earnings 2,384,482
  TOTAL EQUITY 3,056,927
  TOTAL LIABILITIES, SHARES, & EQUITY 31,940,678
INCOME & EXPENSE  
 Loan Income 541,562
 Investment Income 8,174
 Other Income 95,612
 Total Employee Compensation & Benefits 254,729
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 415,541
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -913
 Cost of Funds 35,369
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 80,647
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