Dec, 31, 2023 — ST. COLMAN & AFFILIATES FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, OH with 1 branch location and about $7.24 million in total assets. Opened 85 years ago in 1939, ST. COLMAN & AFFILIATES FEDERAL CREDIT UNION has about 3,048 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ST. COLMAN & AFFILIATES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6637 Lorain Ave CLEVELAND, OH 44102 |
| Phone: | (216) 281-4570 |
| Fax: | (216) 281-4570 |
| Website: | https://stcolmanaffiliatesfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,048 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3462 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,243,758 |
| CEO/Manager: | Dennis J Solomon |
| Chairperson: | Daniel McNamara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 691,642 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,120,924 |
| Other Loans | 3,640,637 |
| TOTAL LOANS | 4,761,561 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -139,732 |
| Land And Building | 10,736 |
| Other Fixed Assets | 15,787 |
| NCUSIF Deposit | 70,039 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,243,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,649 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,050 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 736,767 |
| Regular shares | 5,418,337 |
| All Other Shares & Deposits | 488,996 |
| TOTAL SHARES & DEPOSITS | 6,644,100 |
| TOTAL LIABILITIES | 6,663,799 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 579,959 |
| TOTAL EQUITY | 579,959 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,243,758 |
| INCOME & EXPENSE | |
| Loan Income | 347,271 |
| Investment Income | 38,333 |
| Other Income | 126,277 |
| Total Employee Compensation & Benefits | 250,265 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 149,237 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 93,700 |
| Cost of Funds | 8,720 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,174 |
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