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GREATER CLEVELAND COMMUNITY CREDIT UNION

Dec, 31, 2023 — GREATER CLEVELAND COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, OH with 1 branch location and about $9.18 million in total assets. Opened 87 years ago in 1937, GREATER CLEVELAND COMMUNITY CREDIT UNION has about 2,861 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:GREATER CLEVELAND COMMUNITY CREDIT UNION
Address:
(Main Office)
601 Lakeside Ave E Rm 3
CLEVELAND, OH 44114-1015
Phone:(216) 664-2217
Fax:(216) 664-4375
Website:https://www.greaterclevcu.com
Branches:1 branch locations
Members:2,861
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66860
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$9,181,294
CEO/Manager:Steven Sims
Chairperson:Greg Perryman

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,771,921
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 272,525
 Unsecured Loans 3,284,008
 Other Loans 3,101,762
 TOTAL LOANS 6,658,295
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -307,748
 Land And Building 0
 Other Fixed Assets 64,423
 NCUSIF Deposit 70,621
 All Other Assets 0
  TOTAL ASSETS 9,181,294
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 349,531
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 989,646
 Regular shares 4,345,173
 All Other Shares & Deposits 1,164,653
  TOTAL SHARES & DEPOSITS 6,499,472
  TOTAL LIABILITIES 6,849,003
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,332,291
  TOTAL EQUITY 2,332,291
  TOTAL LIABILITIES, SHARES, & EQUITY 9,181,294
INCOME & EXPENSE  
 Loan Income 600,125
 Investment Income 159,159
 Other Income 287,874
 Total Employee Compensation & Benefits 430,119
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 585,636
 Non-operating Income & (Expense) 192,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 154,134
 Cost of Funds 19,556
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 50,460
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