Dec, 31, 2023 — THE CATHOLIC CREDIT UNION is a federally insured state chartered credit union headquartered in AVON LAKE, OH with 1 branch location and about $11.28 million in total assets. Opened 68 years ago in 1956, THE CATHOLIC CREDIT UNION has about 1,305 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE CATHOLIC CREDIT UNION |
|---|---|
| Address: (Main Office) | 32929 LAKE RD AVON LAKE, OH 44012 |
| Phone: | (440) 933-2524 |
| Fax: | (440) 933-7482 |
| Website: | https://www.cucatholic.com |
| Branches: | 1 branch locations |
| Members: | 1,305 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63177 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,281,473 |
| CEO/Manager: | ELLEN J HILL |
| Chairperson: | Ken Simone |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 636,785 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 889,575 |
| Unsecured Loans | 303,200 |
| Other Loans | 4,343,494 |
| TOTAL LOANS | 5,536,269 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,456 |
| Land And Building | 2,770 |
| Other Fixed Assets | 34,318 |
| NCUSIF Deposit | 118,010 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,281,473 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,207 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,035 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,630,686 |
| Regular shares | 6,209,490 |
| All Other Shares & Deposits | 2,086,884 |
| TOTAL SHARES & DEPOSITS | 9,927,060 |
| TOTAL LIABILITIES | 9,961,302 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,320,171 |
| TOTAL EQUITY | 1,320,171 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,281,473 |
| INCOME & EXPENSE | |
| Loan Income | 284,363 |
| Investment Income | 96,437 |
| Other Income | 26,486 |
| Total Employee Compensation & Benefits | 117,831 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 212,761 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,848 |
| Cost of Funds | 37,380 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 40,678 |
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