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OHIO TEAMSTERS CREDIT UNION

Mar, 31, 2021 — OHIO TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, OH with 2 branch locations and about $16.95 million in total assets. Opened 81 years ago in 1940, OHIO TEAMSTERS CREDIT UNION has about 3,013 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:OHIO TEAMSTERS CREDIT UNION
Address:
(Main Office)
6100 ROCKSIDE WOODS BLVD N STE 150
INDEPENDENCE, OH 44131
Phone:(216) 573-6700
Fax:(216) 573-6732
Website:http://www.ohioteamsterscu.com
Branches:2 branch locations
Members:3,013
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61136
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1940
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$16,954,588
CEO/Manager:Andrew R Megrey
Chairperson:Dennis Kashi

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Overdraft Protection
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,561,135
TOTAL INVESTMENTS 5,028,854
Loans Held for Sale 0
 
 Real Estate Loans 1,361,739
 Unsecured Loans 606,411
 Other Loans 6,514,908
 TOTAL LOANS 8,483,058
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -279,725
 Land And Building 0
 Other Fixed Assets 24,394
 NCUSIF Deposit 96,121
 All Other Assets 40,751
  TOTAL ASSETS 16,954,588
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,633
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 834,737
 Regular shares 9,796,879
 All Other Shares & Deposits 2,283,876
  TOTAL SHARES & DEPOSITS 12,915,492
  TOTAL LIABILITIES 12,928,147
 Regular Reserve 963,000
 Other Reserves 0
 Undivided Earnings 3,063,441
  TOTAL EQUITY 4,026,441
  TOTAL LIABILITIES, SHARES, & EQUITY 16,954,588
INCOME & EXPENSE  
 Loan Income 107,459
 Investment Income 25,817
 Other Income 46,135
 Total Employee Compensation & Benefits 67,626
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 84,686
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,081
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,487
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