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OHIO TEAMSTERS CREDIT UNION

Jun, 30, 2021 — OHIO TEAMSTERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, OH with 2 branch locations and about $16.94 million in total assets. Opened 81 years ago in 1940, OHIO TEAMSTERS CREDIT UNION has about 2,984 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:2,984
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:$16,939,026
CEO/Manager:Andrew R Megrey
Chairperson:Dennis Kashi

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,679,582
TOTAL INVESTMENTS 4,532,854
Loans Held for Sale 0
 
 Real Estate Loans 1,131,457
 Unsecured Loans 563,745
 Other Loans 7,130,757
 TOTAL LOANS 8,825,959
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -275,737
 Land And Building 0
 Other Fixed Assets 22,053
 NCUSIF Deposit 120,545
 All Other Assets 33,770
  TOTAL ASSETS 16,939,026
LIABILITIES & CAPITAL:  
 Dividends Payable 32
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,985
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 761,680
 Regular shares 9,852,349
 All Other Shares & Deposits 2,260,910
  TOTAL SHARES & DEPOSITS 12,874,939
  TOTAL LIABILITIES 12,884,956
 Regular Reserve 963,000
 Other Reserves 0
 Undivided Earnings 3,091,070
  TOTAL EQUITY 4,054,070
  TOTAL LIABILITIES, SHARES, & EQUITY 16,939,026
INCOME & EXPENSE  
 Loan Income 211,649
 Investment Income 50,292
 Other Income 100,957
 Total Employee Compensation & Benefits 139,326
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 168,907
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,340
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 54,117
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