Sep, 30, 2025 — OHIO EDUCATIONAL CREDIT UNION is a non-federally insured state credit union headquartered in SEVEN HILLS, OH with 4 branch locations and about $153.87 million in total assets. Opened 126 years ago in 1900, OHIO EDUCATIONAL CREDIT UNION has about 15,033 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OHIO EDUCATIONAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4141 Rockside Rd Ste 400 SEVEN HILLS, OH 44131 |
| Phone: | (216) 621-6296 |
| Fax: | (216) 621-7150 |
| Website: | https://www.ohecu.com |
| Branches: | 4 branch locations |
| Members: | 15,033 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 95107 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1900 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $153,866,208 |
| CEO/Manager: | Jerome R Valco |
| Chairperson: | Tony H Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,451,916 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,980,825 |
| Unsecured Loans | 6,601,794 |
| Other Loans | 74,092,504 |
| TOTAL LOANS | 111,675,123 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -865,050 |
| Land And Building | 0 |
| Other Fixed Assets | 883,561 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 27,000 |
| TOTAL ASSETS | 153,866,208 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,118,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 34,941,964 |
| Regular shares | 74,195,831 |
| All Other Shares & Deposits | 29,822,517 |
| TOTAL SHARES & DEPOSITS | 138,960,314 |
| TOTAL LIABILITIES | 143,079,016 |
| Regular Reserve | 0 |
| Other Reserves | -1,615,658 |
| Undivided Earnings | 12,402,850 |
| TOTAL EQUITY | 10,787,192 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,866,208 |
| INCOME & EXPENSE | |
| Loan Income | 4,428,746 |
| Investment Income | 954,860 |
| Other Income | 1,044,032 |
| Total Employee Compensation & Benefits | 2,431,143 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,218,145 |
| Non-operating Income & (Expense) | -1,256 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 207,130 |
| Cost of Funds | 552,844 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 514,337 |
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