Dec, 31, 2023 — FAITH COMMUNITY UNITED CREDIT UNION is a non-federally insured state credit union headquartered in CLEVELAND, OH with 1 branch location and about $15.60 million in total assets. Opened 2024 years ago in 0, FAITH COMMUNITY UNITED CREDIT UNION has about 4,503 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FAITH COMMUNITY UNITED CREDIT UNION |
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Address: (Main Office) | 3550 e 93RD ST CLEVELAND, OH 44105-1644 |
Phone: | (216) 271-7111 |
Fax: | (216) 271-7488 |
Website: | https://www.faithcommcu.com |
Branches: | 1 branch locations |
Members: | 4,503 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 96706 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 0 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,602,854 |
CEO/Manager: | JACQUELINE Y MOORE |
Chairperson: | TYRONE MCGUINEA |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,110,511 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,548,563 |
Unsecured Loans | 3,129,930 |
Other Loans | 2,466,454 |
TOTAL LOANS | 8,186,095 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -443,456 |
Land And Building | 30,000 |
Other Fixed Assets | 40,423 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 15,602,854 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,694 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 195,641 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,171,308 |
Regular shares | 6,217,920 |
All Other Shares & Deposits | 2,633,454 |
TOTAL SHARES & DEPOSITS | 11,022,682 |
TOTAL LIABILITIES | 11,228,017 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,374,837 |
TOTAL EQUITY | 4,374,837 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,602,854 |
INCOME & EXPENSE | |
Loan Income | 721,979 |
Investment Income | 163,316 |
Other Income | 394,120 |
Total Employee Compensation & Benefits | 426,520 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 736,789 |
Non-operating Income & (Expense) | 85,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 165,000 |
Cost of Funds | 34,580 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,526 |
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