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BEST REWARD CREDIT UNION

Jun, 30, 2024 — BEST REWARD CREDIT UNION is a federally insured state chartered credit union headquartered in Brook Park, OH with 2 branch locations and about $170.96 million in total assets. Opened 75 years ago in 1949, BEST REWARD CREDIT UNION has about 12,391 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 241073951
Name:BEST REWARD CREDIT UNION
Address:
(Main Office)
5681 Smith Rd
Brook Park, OH 44142
Phone:(216) 367-8000
Fax:(216) 367-8001
Website:https://www.bestrewardcu.coop
Branches:2 branch locations
Members:12,391
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68539
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$170,957,007
CEO/Manager:John J Shirilla
Chairperson:Norman L Alford

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,439,858
TOTAL INVESTMENTS 125,441,091
Loans Held for Sale 0
 
 Real Estate Loans 12,773,727
 Unsecured Loans 3,464,185
 Other Loans 16,031,609
 TOTAL LOANS 32,269,521
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -88,701
 Land And Building 1,796,748
 Other Fixed Assets 127,828
 NCUSIF Deposit 1,072,541
 All Other Assets 2,898,121
  TOTAL ASSETS 170,957,007
LIABILITIES & CAPITAL:  
 Dividends Payable 7,997
 Notes & Interest Payable 30,000,000
 Accounts Payable & Other Liabilities 2,087,249
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,300,431
 Regular shares 63,297,452
 All Other Shares & Deposits 34,148,341
  TOTAL SHARES & DEPOSITS 116,746,224
  TOTAL LIABILITIES 148,841,470
 Regular Reserve 2,033,137
 Other Reserves 2,128,919
 Undivided Earnings 17,953,481
  TOTAL EQUITY 22,115,537
  TOTAL LIABILITIES, SHARES, & EQUITY 170,957,007
INCOME & EXPENSE  
 Loan Income 920,879
 Investment Income 1,124,151
 Other Income 287,636
 Total Employee Compensation & Benefits 884,546
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 892,360
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 17,000
 Cost of Funds 390,750
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 148,010
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