BEST REWARD CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.bestrewardcu.coop for more information.
Dec, 31, 2023 — BEST REWARD CREDIT UNION is a federally insured state chartered credit union headquartered in Brook Park, OH with 2 branch locations and about $170.96 million in total assets. Opened 75 years ago in 1949, BEST REWARD CREDIT UNION has about 12,391 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEST REWARD CREDIT UNION |
|---|---|
| Address: (Main Office) | 5681 Smith Rd Brook Park, OH 44142 |
| Phone: | (216) 367-8000 |
| Fax: | (216) 367-8001 |
| Website: | https://www.bestrewardcu.coop |
| Branches: | 2 branch locations |
| Members: | 12,391 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68539 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $170,957,007 |
| CEO/Manager: | John J Shirilla |
| Chairperson: | Norman L Alford |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,439,858 |
| TOTAL INVESTMENTS | 125,441,091 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,773,727 |
| Unsecured Loans | 3,464,185 |
| Other Loans | 16,031,609 |
| TOTAL LOANS | 32,269,521 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,701 |
| Land And Building | 1,796,748 |
| Other Fixed Assets | 127,828 |
| NCUSIF Deposit | 1,072,541 |
| All Other Assets | 2,898,121 |
| TOTAL ASSETS | 170,957,007 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,997 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 2,087,249 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,300,431 |
| Regular shares | 63,297,452 |
| All Other Shares & Deposits | 34,148,341 |
| TOTAL SHARES & DEPOSITS | 116,746,224 |
| TOTAL LIABILITIES | 148,841,470 |
| Regular Reserve | 2,033,137 |
| Other Reserves | 2,128,919 |
| Undivided Earnings | 17,953,481 |
| TOTAL EQUITY | 22,115,537 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 170,957,007 |
| INCOME & EXPENSE | |
| Loan Income | 920,879 |
| Investment Income | 1,124,151 |
| Other Income | 287,636 |
| Total Employee Compensation & Benefits | 884,546 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 892,360 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,000 |
| Cost of Funds | 390,750 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 148,010 |
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