BEST REWARD CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.bestrewardcu.coop for more information.
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.
Name: | BEST REWARD CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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