Sep, 30, 2025 — ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in YOUNGSTOWN, OH with 4 branch locations and about $208.52 million in total assets. Opened 68 years ago in 1958, ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION has about 15,275 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASSOCIATED SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1690 S Canfield Niles Rd YOUNGSTOWN, OH 44515-4055 |
| Phone: | (330) 792-4000 |
| Fax: | (330) 792-4909 |
| Website: | https://www.asecu.com |
| Branches: | 4 branch locations |
| Members: | 15,275 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68587 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $208,517,178 |
| CEO/Manager: | Michael J Kurish |
| Chairperson: | Frank Lazzeri |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,321,804 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,900,214 |
| Unsecured Loans | 2,122,783 |
| Other Loans | 142,277,752 |
| TOTAL LOANS | 179,300,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -609,694 |
| Land And Building | 855,609 |
| Other Fixed Assets | 597,492 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,711,211 |
| All Other Assets | 0 |
| TOTAL ASSETS | 208,517,178 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,338 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 736,708 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,271,408 |
| Regular shares | 77,333,175 |
| All Other Shares & Deposits | 79,395,525 |
| TOTAL SHARES & DEPOSITS | 187,000,107 |
| TOTAL LIABILITIES | 187,747,153 |
| Regular Reserve | 0 |
| Other Reserves | 995,085 |
| Undivided Earnings | 19,774,940 |
| TOTAL EQUITY | 20,770,025 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 208,517,178 |
| INCOME & EXPENSE | |
| Loan Income | 6,379,050 |
| Investment Income | 432,760 |
| Other Income | 1,202,643 |
| Total Employee Compensation & Benefits | 2,016,303 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,177,464 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 364,000 |
| Cost of Funds | 1,949,804 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,506,882 |
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