Dec, 31, 2023 — CAREY POVERELLO FEDERAL CREDIT UNION is a federal credit union headquartered in CAREY, OH with 1 branch location and about $25.65 million in total assets. Opened 74 years ago in 1950, CAREY POVERELLO FEDERAL CREDIT UNION has about 1,705 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAREY POVERELLO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 N Vance St CAREY, OH 43316-1038 |
| Phone: | (419) 396-6071 |
| Fax: | (419) 396-3704 |
| Website: | https://www.poverellofcu.com |
| Branches: | 1 branch locations |
| Members: | 1,705 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6636 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,646,225 |
| CEO/Manager: | Austin W Pahl |
| Chairperson: | Alton Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 532,773 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 460,807 |
| Unsecured Loans | 721,368 |
| Other Loans | 6,865,479 |
| TOTAL LOANS | 8,047,654 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,108 |
| Land And Building | 158,510 |
| Other Fixed Assets | 6,991 |
| NCUSIF Deposit | 228,679 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,646,225 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 52,259 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 99,646 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,134,327 |
| Regular shares | 16,441,768 |
| All Other Shares & Deposits | 3,337,149 |
| TOTAL SHARES & DEPOSITS | 21,913,244 |
| TOTAL LIABILITIES | 22,065,149 |
| Regular Reserve | 0 |
| Other Reserves | 163,447 |
| Undivided Earnings | 3,417,629 |
| TOTAL EQUITY | 3,581,076 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,646,225 |
| INCOME & EXPENSE | |
| Loan Income | 514,300 |
| Investment Income | 420,213 |
| Other Income | 87,154 |
| Total Employee Compensation & Benefits | 384,776 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 300,803 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,413 |
| Cost of Funds | 209,102 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 134,647 |
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