Jun, 30, 2024 — SORG BAY WEST FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLETOWN, OH with 1 branch location and about $10.02 million in total assets. Opened 75 years ago in 1950, SORG BAY WEST FEDERAL CREDIT UNION has about 960 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SORG BAY WEST FEDERAL CREDIT UNION |
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Address: (Main Office) | 400 N BROAD ST MIDDLETOWN, OH 45042-1909 |
Phone: | (513) 422-8697 |
Fax: | (513) 422-1692 |
Website: | https://www.sorgbaywest.com |
Branches: | 1 branch locations |
Members: | 960 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6772 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Apr 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,022,957 |
CEO/Manager: | JOANN MAMALIGAS |
Chairperson: | JEFFREY KINSEL |
ASSETS: | $ Amount |
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Cash & Equivalents | 494,658 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,081,548 |
Unsecured Loans | 585,391 |
Other Loans | 4,764,035 |
TOTAL LOANS | 7,430,974 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,469 |
Land And Building | 84,384 |
Other Fixed Assets | 10,600 |
NCUSIF Deposit | 89,001 |
All Other Assets | 0 |
TOTAL ASSETS | 10,022,957 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 104,356 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 919,401 |
Regular shares | 4,610,737 |
All Other Shares & Deposits | 3,563,970 |
TOTAL SHARES & DEPOSITS | 9,094,108 |
TOTAL LIABILITIES | 9,198,464 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 824,493 |
TOTAL EQUITY | 824,493 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,022,957 |
INCOME & EXPENSE | |
Loan Income | 336,681 |
Investment Income | 18,371 |
Other Income | 40,477 |
Total Employee Compensation & Benefits | 161,306 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 139,884 |
Non-operating Income & (Expense) | 1,336 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,500 |
Cost of Funds | 23,766 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 62,409 |
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