Dec, 31, 2023 — SHAKER HEIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in SHAKER HEIGHTS, OH with 1 branch location and about $1.65 million in total assets. Opened 84 years ago in 1940, SHAKER HEIGHTS FEDERAL CREDIT UNION has about 160 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SHAKER HEIGHTS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3400 Lee Rd SHAKER HEIGHTS, OH 44120 |
Phone: | (216) 544-2070 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 160 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3787 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,645,804 |
CEO/Manager: | Frank S Novak |
Chairperson: | Gail A Little |
ASSETS: | $ Amount |
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Cash & Equivalents | 227,726 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 48,733 |
Other Loans | 633,012 |
TOTAL LOANS | 681,745 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,297 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 14,068 |
All Other Assets | 0 |
TOTAL ASSETS | 1,645,804 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,572 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,348,420 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,348,420 |
TOTAL LIABILITIES | 1,352,992 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 292,812 |
TOTAL EQUITY | 292,812 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,645,804 |
INCOME & EXPENSE | |
Loan Income | 38,066 |
Investment Income | 33,517 |
Other Income | 171 |
Total Employee Compensation & Benefits | 29,954 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 14,648 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 25,200 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,952 |
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