Dec, 31, 2022 — SUPERIOR CREDIT UNION is a federally insured state chartered credit union headquartered in COLLEGEVILLE, PA with 3 branch locations and about $68.92 million in total assets. Opened 67 years ago in 1956, SUPERIOR CREDIT UNION has about 6,668 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: | SUPERIOR CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Crosskeys Rd. COLLEGEVILLE, PA 19426-3128 |
| Phone: | (610) 489-7239 |
| Fax: | (610) 489-5339 |
| Website: | https://www.superiorcu.org |
| Branches: | 3 branch locations |
| Members: | 6,668 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60215 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,919,492 |
| CEO/Manager: | Kimberly Miller |
| Chairperson: | Jason Vavra |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,354,382 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,093,935 |
| Unsecured Loans | 4,604,313 |
| Other Loans | 10,167,461 |
| TOTAL LOANS | 46,865,709 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,563 |
| Land And Building | 2,371,517 |
| Other Fixed Assets | 142,390 |
| NCUSIF Deposit | 614,613 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,919,492 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -549,260 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,420,974 |
| Regular shares | 28,235,536 |
| All Other Shares & Deposits | 21,022,874 |
| TOTAL SHARES & DEPOSITS | 64,679,384 |
| TOTAL LIABILITIES | 64,130,124 |
| Regular Reserve | 0 |
| Other Reserves | -482,581 |
| Undivided Earnings | 5,271,949 |
| TOTAL EQUITY | 4,789,368 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,919,492 |
| INCOME & EXPENSE | |
| Loan Income | 1,461,004 |
| Investment Income | 112,367 |
| Other Income | 911,948 |
| Total Employee Compensation & Benefits | 866,192 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,231,154 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 80,500 |
| Cost of Funds | 129,100 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 178,373 |
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