Dec, 31, 2023 — EMERALD CREDIT UNION, INC is a non-federally insured state credit union headquartered in GARFIELD HTS, OH with 1 branch location and about $34.84 million in total assets. Opened 69 years ago in 1955, EMERALD CREDIT UNION, INC has about 3,923 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMERALD CREDIT UNION, INC |
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Address: (Main Office) | 13201 GRANGER RD STE 1 GARFIELD HTS, OH 44125 |
Phone: | (216) 581-5581 |
Fax: | (216) 265-1000 |
Website: | https://www.emeraldgcu.com |
Branches: | 1 branch locations |
Members: | 3,923 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 97077 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,843,153 |
CEO/Manager: | WENDY J DRIVER |
Chairperson: | RICHARD A STEFANKO |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,316,980 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,859,574 |
Unsecured Loans | 2,924,337 |
Other Loans | 6,805,482 |
TOTAL LOANS | 21,589,393 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,641 |
Land And Building | 503,017 |
Other Fixed Assets | 16,018 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 34,843,153 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 517,770 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,343,758 |
Regular shares | 19,888,261 |
All Other Shares & Deposits | 4,782,767 |
TOTAL SHARES & DEPOSITS | 31,014,786 |
TOTAL LIABILITIES | 31,532,556 |
Regular Reserve | 0 |
Other Reserves | -17,605 |
Undivided Earnings | 3,328,202 |
TOTAL EQUITY | 3,310,597 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,843,153 |
INCOME & EXPENSE | |
Loan Income | 1,213,062 |
Investment Income | 282,404 |
Other Income | 385,221 |
Total Employee Compensation & Benefits | 886,013 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 985,370 |
Non-operating Income & (Expense) | -15 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,021 |
Cost of Funds | 54,265 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 79,313 |
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