Sep, 30, 2025 — BEST REWARD FEDERAL CREDIT UNION is a federal credit union headquartered in BROOK PARK, OH with 4 branch locations and about $159.30 million in total assets. Opened 77 years ago in 1949, BEST REWARD FEDERAL CREDIT UNION has about 10,426 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEST REWARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5681 Smith Rd BROOK PARK, OH 44142 |
| Phone: | (216) 367-8000 |
| Fax: | (216) 367-8001 |
| Website: | https://www.bestrewardfcu.coop |
| Branches: | 4 branch locations |
| Members: | 10,426 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24920 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $159,301,750 |
| CEO/Manager: | John J Shirilla |
| Chairperson: | Norman L Alford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,424,757 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,995,986 |
| Unsecured Loans | 3,124,830 |
| Other Loans | 18,253,766 |
| TOTAL LOANS | 29,374,582 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,287 |
| Land And Building | 1,508,255 |
| Other Fixed Assets | 68,932 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,101,404 |
| All Other Assets | 0 |
| TOTAL ASSETS | 159,301,750 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,093 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 2,186,346 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,460,857 |
| Regular shares | 67,171,449 |
| All Other Shares & Deposits | 29,047,237 |
| TOTAL SHARES & DEPOSITS | 115,679,543 |
| TOTAL LIABILITIES | 142,878,982 |
| Regular Reserve | 0 |
| Other Reserves | -5,667,571 |
| Undivided Earnings | 22,090,339 |
| TOTAL EQUITY | 16,422,768 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 159,301,750 |
| INCOME & EXPENSE | |
| Loan Income | 1,542,723 |
| Investment Income | 3,015,473 |
| Other Income | 206,178 |
| Total Employee Compensation & Benefits | 1,596,152 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,651,397 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,120 |
| Cost of Funds | 1,192,171 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 471,098 |
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