Sep, 30, 2022 — CAREY POVERELLO FEDERAL CREDIT UNION is a federal credit union headquartered in CAREY, OH with 1 branch location and about $26.46 million in total assets. Opened 73 years ago in 1950, CAREY POVERELLO FEDERAL CREDIT UNION has about 1,776 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: | 1,776 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,457,120 |
| CEO/Manager: | Austin W Pahl |
| Chairperson: | Alton Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,029,536 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 615,235 |
| Unsecured Loans | 667,420 |
| Other Loans | 7,548,576 |
| TOTAL LOANS | 8,831,231 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,496 |
| Land And Building | 160,346 |
| Other Fixed Assets | 10,729 |
| NCUSIF Deposit | 230,080 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,457,120 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,887 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,161 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,022,906 |
| Regular shares | 20,935,706 |
| All Other Shares & Deposits | 80,488 |
| TOTAL SHARES & DEPOSITS | 23,039,100 |
| TOTAL LIABILITIES | 23,089,148 |
| Regular Reserve | 0 |
| Other Reserves | 127,023 |
| Undivided Earnings | 3,240,949 |
| TOTAL EQUITY | 3,367,972 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,457,120 |
| INCOME & EXPENSE | |
| Loan Income | 366,418 |
| Investment Income | 127,762 |
| Other Income | 70,898 |
| Total Employee Compensation & Benefits | 278,812 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 242,027 |
| Non-operating Income & (Expense) | 20 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,022 |
| Cost of Funds | 13,316 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,596 |
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