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SHUFORD FEDERAL CREDIT UNION

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

Call Report

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Financial Summary

» See also Statement of Financial Condition
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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