COMMUNITY UNITED CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cu-cu.org for more information.
Dec, 31, 2023 — COMMUNITY UNITED CREDIT UNION is a non-federally insured state credit union headquartered in Strongsville, OH with 2 branch locations and about $12.83 million in total assets. Opened 52 years ago in 1972, COMMUNITY UNITED CREDIT UNION has about 1,935 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 10883 Pearl Rd, Ste 203 Strongsville, OH 44136 |
| Phone: | (440) 572-9950 |
| Fax: | (440) 572-9914 |
| Website: | https://www.cu-cu.org |
| Branches: | 2 branch locations |
| Members: | 1,935 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97092 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,828,184 |
| CEO/Manager: | Donna J Hovatter |
| Chairperson: | Susan Madden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 609,533 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,022,514 |
| Unsecured Loans | 462,791 |
| Other Loans | 4,814,452 |
| TOTAL LOANS | 6,299,757 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,961 |
| Land And Building | 0 |
| Other Fixed Assets | 27,630 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,828,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,662 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,729,261 |
| Regular shares | 6,352,848 |
| All Other Shares & Deposits | 3,020,652 |
| TOTAL SHARES & DEPOSITS | 11,102,761 |
| TOTAL LIABILITIES | 11,122,423 |
| Regular Reserve | 0 |
| Other Reserves | 635,115 |
| Undivided Earnings | 1,070,646 |
| TOTAL EQUITY | 1,705,761 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,828,184 |
| INCOME & EXPENSE | |
| Loan Income | 186,989 |
| Investment Income | 44,923 |
| Other Income | 47,053 |
| Total Employee Compensation & Benefits | 83,938 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 195,187 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,571 |
| Cost of Funds | 12,594 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,118 |
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