Sep, 30, 2025 — SORG BAY WEST FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLETOWN, OH with 1 branch location and about $11.74 million in total assets. Opened 76 years ago in 1950, SORG BAY WEST FEDERAL CREDIT UNION has about 806 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 |
|---|---|
| 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: | 806 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6772 |
|---|---|
| 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, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,735,107 |
| CEO/Manager: | JOANN MAMALIGAS |
| Chairperson: | CHUCK DOAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,915,047 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,730,749 |
| Unsecured Loans | 779,322 |
| Other Loans | 6,042,687 |
| TOTAL LOANS | 8,552,758 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -243,482 |
| Land And Building | 72,239 |
| Other Fixed Assets | 800 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 104,551 |
| All Other Assets | 222,823 |
| TOTAL ASSETS | 11,735,107 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 145,471 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,082,100 |
| Regular shares | 3,758,564 |
| All Other Shares & Deposits | 6,215,392 |
| TOTAL SHARES & DEPOSITS | 11,056,057 |
| TOTAL LIABILITIES | 11,201,528 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 533,579 |
| TOTAL EQUITY | 533,579 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,735,107 |
| INCOME & EXPENSE | |
| Loan Income | 529,701 |
| Investment Income | 44,691 |
| Other Income | 21,482 |
| Total Employee Compensation & Benefits | 173,483 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 150,657 |
| Non-operating Income & (Expense) | 1,140 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 237,053 |
| Cost of Funds | 213,632 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -160,510 |
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