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SUPERIOR SAVINGS CREDIT UNION

Jun, 30, 2021 — SUPERIOR SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in MASSILLON, OH with 2 branch locations and about $28.57 million in total assets. Opened 53 years ago in 1968, SUPERIOR SAVINGS CREDIT UNION has about 2,961 members and employs 11 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 SAVINGS CREDIT UNION
Address:
(Main Office)
1807 LINCOLN WAY E
MASSILLON, OH 44646-6962
Phone:(330) 833-0751
Fax:(330) 833-2159
Website:http://www.superiorsavingscu.com
Branches:2 branch locations
Members:2,961
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63502
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1968
Last Audited:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$28,574,688
CEO/Manager:Deborah J Carpenter
Chairperson:Sandra Norman

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,414,075
TOTAL INVESTMENTS 14,040,150
Loans Held for Sale 0
 
 Real Estate Loans 1,201,289
 Unsecured Loans 685,753
 Other Loans 7,356,828
 TOTAL LOANS 9,243,870
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -203,817
 Land And Building 525,350
 Other Fixed Assets 13,683
 NCUSIF Deposit 238,990
 All Other Assets 302,387
  TOTAL ASSETS 28,574,688
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 238,666
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,543,348
 Regular shares 11,610,217
 All Other Shares & Deposits 10,752,137
  TOTAL SHARES & DEPOSITS 25,905,702
  TOTAL LIABILITIES 26,144,368
 Regular Reserve 386,216
 Other Reserves 90,967
 Undivided Earnings 1,953,137
  TOTAL EQUITY 2,430,320
  TOTAL LIABILITIES, SHARES, & EQUITY 28,574,688
INCOME & EXPENSE  
 Loan Income 324,612
 Investment Income 72,285
 Other Income 65,548
 Total Employee Compensation & Benefits 222,474
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 250,577
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,825
 Cost of Funds 28,275
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 523
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