Dec, 31, 2023 — SUPERIOR CREDIT UNION, INC is a federally insured state chartered credit union headquartered in LIMA, OH with 27 branch locations and about $1.65 billion in total assets. Opened 70 years ago in 1954, SUPERIOR CREDIT UNION, INC has about 101,684 members and employs 254 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUPERIOR CREDIT UNION, INC |
|---|---|
| Address: (Main Office) | 4230 ELIDA RD LIMA, OH 45807 |
| Phone: | (419) 879-3541 |
| Fax: | (419) 227-5258 |
| Website: | https://www.superiorcu.com |
| Branches: | 27 branch locations |
| Members: | 101,684 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68665 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,653,026,692 |
| CEO/Manager: | Phillip R Buell |
| Chairperson: | James Bacome |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 92,202,488 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 9,418,711 |
| Real Estate Loans | 823,170,652 |
| Unsecured Loans | 13,777,254 |
| Other Loans | 163,007,087 |
| TOTAL LOANS | 1,001,848,899 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,365,021 |
| Land And Building | 21,240,690 |
| Other Fixed Assets | 2,694,688 |
| NCUSIF Deposit | 11,982,184 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,653,026,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,336,027 |
| Notes & Interest Payable | 105,000,000 |
| Accounts Payable & Other Liabilities | 24,084,624 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 282,719,061 |
| Regular shares | 284,885,570 |
| All Other Shares & Deposits | 754,981,590 |
| TOTAL SHARES & DEPOSITS | 1,322,586,222 |
| TOTAL LIABILITIES | 1,453,007,308 |
| Regular Reserve | 0 |
| Other Reserves | -2,509,446 |
| Undivided Earnings | 202,528,830 |
| TOTAL EQUITY | 200,019,384 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,653,026,692 |
| INCOME & EXPENSE | |
| Loan Income | 42,130,473 |
| Investment Income | 18,024,266 |
| Other Income | 6,181,477 |
| Total Employee Compensation & Benefits | 22,113,457 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,483,001 |
| Non-operating Income & (Expense) | -56,973 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 774,170 |
| Cost of Funds | 22,785,850 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,578,836 |
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