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HOLY FAMILY PARMA FEDERAL CREDIT UNION

Mar, 31, 2021 — HOLY FAMILY PARMA FEDERAL CREDIT UNION is a federal credit union headquartered in PARMA, OH with 2 branch locations and about $21.86 million in total assets. Opened 68 years ago in 1953, HOLY FAMILY PARMA FEDERAL CREDIT UNION has about 1,428 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:HOLY FAMILY PARMA FEDERAL CREDIT UNION
Address:
(Main Office)
7367 YORK ROAD
PARMA, OH 44130
Phone:(440) 842-1620
Fax:(440) 842-8586
Website:https://www.holyfamilycreditunion.com/
Branches:2 branch locations
Members:1,428
Credit Union Type:Federal Credit Union
Charter Number:8944
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1953
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$21,856,511
CEO/Manager:Raymond P Welling
Chairperson:James C Ottogalli

Call Report

  • Micro Consumer Loans
  • Real Estate Loans
  • Risk Based Loans
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,435,191
TOTAL INVESTMENTS 14,113,652
Loans Held for Sale 0
 
 Real Estate Loans 528,219
 Unsecured Loans 62,025
 Other Loans 2,059,539
 TOTAL LOANS 2,801,765
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -104,745
 Land And Building 395,925
 Other Fixed Assets 0
 NCUSIF Deposit 162,702
 All Other Assets 52,021
  TOTAL ASSETS 21,856,511
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 53,761
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 116,253
 Regular shares 15,034,289
 All Other Shares & Deposits 3,534,048
  TOTAL SHARES & DEPOSITS 18,684,590
  TOTAL LIABILITIES 18,738,351
 Regular Reserve 266,738
 Other Reserves 0
 Undivided Earnings 2,851,422
  TOTAL EQUITY 3,118,160
  TOTAL LIABILITIES, SHARES, & EQUITY 21,856,511
INCOME & EXPENSE  
 Loan Income 33,126
 Investment Income 57,485
 Other Income 1,241
 Total Employee Compensation & Benefits 46,258
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 29,779
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 17,127
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,217
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