Dec, 31, 2023 — UNITY CATHOLIC FEDERAL CREDIT UNION is a federal credit union headquartered in PARMA, OH with 2 branch locations and about $91.90 million in total assets. Opened 82 years ago in 1942, UNITY CATHOLIC FEDERAL CREDIT UNION has about 9,203 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITY CATHOLIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5839 Ridge Rd PARMA, OH 44129-3165 |
| Phone: | (440) 886-2558 |
| Fax: | (440) 886-0602 |
| Website: | https://www.unitycatholiccu.org |
| Branches: | 2 branch locations |
| Members: | 9,203 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4966 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,904,020 |
| CEO/Manager: | Brian M McCue |
| Chairperson: | Michael P Stanko |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,022,747 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,753,405 |
| Unsecured Loans | 13,476,306 |
| Other Loans | 26,007,392 |
| TOTAL LOANS | 61,237,103 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -495,571 |
| Land And Building | 369,544 |
| Other Fixed Assets | 634,563 |
| NCUSIF Deposit | 843,827 |
| All Other Assets | 0 |
| TOTAL ASSETS | 91,904,020 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 475,735 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,214,082 |
| Regular shares | 40,790,840 |
| All Other Shares & Deposits | 33,410,892 |
| TOTAL SHARES & DEPOSITS | 84,415,814 |
| TOTAL LIABILITIES | 84,891,549 |
| Regular Reserve | 0 |
| Other Reserves | -969,526 |
| Undivided Earnings | 7,981,997 |
| TOTAL EQUITY | 7,012,471 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,904,020 |
| INCOME & EXPENSE | |
| Loan Income | 3,374,177 |
| Investment Income | 460,388 |
| Other Income | 331,888 |
| Total Employee Compensation & Benefits | 1,715,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,870,765 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 118,000 |
| Cost of Funds | 674,112 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 285,594 |
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