Dec, 31, 2023 — PAINESVILLE CREDIT UNION is a federally insured state chartered credit union headquartered in PAINESVILLE, OH with 1 branch location and about $43.95 million in total assets. Opened 82 years ago in 1942, PAINESVILLE CREDIT UNION has about 5,625 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: | PAINESVILLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 280 N Saint Clair St PAINESVILLE, OH 44077 |
| Phone: | (440) 352-8974 |
| Fax: | (440) 352-8110 |
| Website: | https://www.painesvillecu.org/ |
| Branches: | 1 branch locations |
| Members: | 5,625 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63679 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $43,945,530 |
| CEO/Manager: | Lori Guzzi |
| Chairperson: | Kenneth Takacs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,538,386 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,014,504 |
| Unsecured Loans | 1,556,674 |
| Other Loans | 17,561,545 |
| TOTAL LOANS | 22,132,723 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,982 |
| Land And Building | 1,225,200 |
| Other Fixed Assets | 9,503 |
| NCUSIF Deposit | 389,227 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,945,530 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 490,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,416,386 |
| Regular shares | 22,816,082 |
| All Other Shares & Deposits | 8,173,301 |
| TOTAL SHARES & DEPOSITS | 37,405,769 |
| TOTAL LIABILITIES | 37,896,253 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,049,277 |
| TOTAL EQUITY | 6,049,277 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,945,530 |
| INCOME & EXPENSE | |
| Loan Income | 1,175,489 |
| Investment Income | 507,760 |
| Other Income | 337,540 |
| Total Employee Compensation & Benefits | 741,716 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 956,929 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,295 |
| Cost of Funds | 105,370 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 614,732 |
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