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 |
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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 |
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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 |
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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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