Dec, 31, 2023 — CLEVELAND POLICE CREDIT UNION is a federally insured state chartered credit union headquartered in CLEVELAND, OH with 2 branch locations and about $41.16 million in total assets. Opened 86 years ago in 1938, CLEVELAND POLICE CREDIT UNION has about 4,751 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: | CLEVELAND POLICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2301 Payne Ave CLEVELAND, OH 44114 |
| Phone: | (216) 861-3535 |
| Fax: | (216) 861-3771 |
| Website: | https://www.clevepolicecu.com |
| Branches: | 2 branch locations |
| Members: | 4,751 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62588 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,163,976 |
| CEO/Manager: | YOLANDA ROLDAN |
| Chairperson: | ROY RICH |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,760,979 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,730,553 |
| Unsecured Loans | 1,733,390 |
| Other Loans | 10,928,984 |
| TOTAL LOANS | 18,392,927 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -157,054 |
| Land And Building | 620,659 |
| Other Fixed Assets | 125,336 |
| NCUSIF Deposit | 373,393 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,163,976 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,119 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 449,753 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,886,317 |
| Regular shares | 22,439,668 |
| All Other Shares & Deposits | 6,160,075 |
| TOTAL SHARES & DEPOSITS | 36,486,059 |
| TOTAL LIABILITIES | 36,937,931 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,226,045 |
| TOTAL EQUITY | 4,226,045 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,163,976 |
| INCOME & EXPENSE | |
| Loan Income | 1,054,442 |
| Investment Income | 567,223 |
| Other Income | 145,782 |
| Total Employee Compensation & Benefits | 728,051 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 856,338 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 91,973 |
| Cost of Funds | 27,681 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 505,493 |
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