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OHIO'S FIRST CLASS CREDIT UNION

Mar, 31, 2022 — OHIO'S FIRST CLASS CREDIT UNION is a non-federally insured state credit union headquartered in CLEVELAND, OH with 2 branch locations and about $55.78 million in total assets. Opened 2022 years ago in 0, OHIO'S FIRST CLASS CREDIT UNION has about 10,089 members and employs 18 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'S FIRST CLASS CREDIT UNION
Address:
(Main Office)
1800 Carnegie Ave
CLEVELAND, OH 44115
Phone:(216) 241-1088
Fax:(216) 241-3213
Website:http://www.ofccu.com
Branches:2 branch locations
Members:10,089
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:96682
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:0
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$55,783,578
CEO/Manager:Jeffrey J Spada
Chairperson:Daniel Rupp

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,016,965
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 523,986
 Unsecured Loans 5,900,942
 Other Loans 17,295,683
 TOTAL LOANS 23,720,611
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -264,719
 Land And Building 741,798
 Other Fixed Assets 138,991
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 55,783,578
LIABILITIES & CAPITAL:  
 Dividends Payable 7,595
 Notes & Interest Payable 1,478,545
 Accounts Payable & Other Liabilities -3,235,166
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,101,314
 Regular shares 38,177,120
 All Other Shares & Deposits 3,863,173
  TOTAL SHARES & DEPOSITS 51,141,607
  TOTAL LIABILITIES 49,392,581
 Regular Reserve 0
 Other Reserves 109,452
 Undivided Earnings 6,281,545
  TOTAL EQUITY 6,390,997
  TOTAL LIABILITIES, SHARES, & EQUITY 55,783,578
INCOME & EXPENSE  
 Loan Income 377,881
 Investment Income 64,551
 Other Income 168,136
 Total Employee Compensation & Benefits 277,650
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 503,821
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,000
 Cost of Funds 23,572
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -78,320
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