Dec, 31, 2023 — SEVEN SEVENTEEN CREDIT UNION is a federally insured state chartered credit union headquartered in WARREN, OH with 14 branch locations and about $1.64 billion in total assets. Opened 67 years ago in 1957, SEVEN SEVENTEEN CREDIT UNION has about 118,081 members and employs 332 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SEVEN SEVENTEEN CREDIT UNION |
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Address: (Main Office) | 3181 Larchmont Ave NE WARREN, OH 44483-2435 |
Phone: | (330) 372-8100 |
Fax: | |
Website: | https://www.717cu.com |
Branches: | 14 branch locations |
Members: | 118,081 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61077 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,637,730,963 |
CEO/Manager: | John E Demmler |
Chairperson: | Paul Marshall |
ASSETS: | $ Amount |
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Cash & Equivalents | 76,957,998 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 3,205,105 |
Real Estate Loans | 678,791,357 |
Unsecured Loans | 67,052,493 |
Other Loans | 602,297,854 |
TOTAL LOANS | 1,348,141,704 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,663,000 |
Land And Building | 16,549,786 |
Other Fixed Assets | 6,305,145 |
NCUSIF Deposit | 12,366,984 |
All Other Assets | 0 |
TOTAL ASSETS | 1,637,730,963 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 91,500,000 |
Accounts Payable & Other Liabilities | 24,057,068 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 252,161,213 |
Regular shares | 427,892,833 |
All Other Shares & Deposits | 634,301,120 |
TOTAL SHARES & DEPOSITS | 1,314,355,166 |
TOTAL LIABILITIES | 1,429,912,234 |
Regular Reserve | 0 |
Other Reserves | -6,247,295 |
Undivided Earnings | 214,066,024 |
TOTAL EQUITY | 207,818,729 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,637,730,963 |
INCOME & EXPENSE | |
Loan Income | 72,931,511 |
Investment Income | 3,675,084 |
Other Income | 10,143,165 |
Total Employee Compensation & Benefits | 35,476,505 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,998,115 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,540,083 |
Cost of Funds | 18,172,452 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,339,836 |
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