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SHAKER HEIGHTS FEDERAL CREDIT UNION

Mar, 31, 2022 — SHAKER HEIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in SHAKER HEIGHTS, OH with 1 branch location and about $1.76 million in total assets. Opened 82 years ago in 1940, SHAKER HEIGHTS FEDERAL CREDIT UNION has about 192 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SHAKER HEIGHTS FEDERAL CREDIT UNION
Address:
(Main Office)
3400 Lee Rd
SHAKER HEIGHTS, OH 44120
Phone:(216) 544-2070
Fax:
Website:n/a
Branches:1 branch locations
Members:192
Credit Union Type:Federal Credit Union
Charter Number:3787
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1940
Last Audited:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,759,588
CEO/Manager:Frank S Novak
Chairperson:Gail A Little

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 151,267
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 18,847
 Other Loans 448,605
 TOTAL LOANS 467,452
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,297
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 14,388
 All Other Assets 0
  TOTAL ASSETS 1,759,588
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,796
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,454,381
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,454,381
  TOTAL LIABILITIES 1,468,177
 Regular Reserve 0
 Other Reserves 40,460
 Undivided Earnings 250,951
  TOTAL EQUITY 291,411
  TOTAL LIABILITIES, SHARES, & EQUITY 1,759,588
INCOME & EXPENSE  
 Loan Income 6,740
 Investment Income 7,161
 Other Income 63
 Total Employee Compensation & Benefits 7,580
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,739
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,645
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