Dec, 31, 2023 — SUPERIOR CREDIT UNION is a federally insured state chartered credit union headquartered in COLLEGEVILLE, PA with 3 branch locations and about $65.74 million in total assets. Opened 68 years ago in 1956, SUPERIOR CREDIT UNION has about 6,581 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUPERIOR CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Crosskeys Rd. COLLEGEVILLE, PA 19426-3128 |
| Phone: | (610) 489-7239 |
| Fax: | (610) 489-5339 |
| Website: | https://www.superiorcu.org |
| Branches: | 3 branch locations |
| Members: | 6,581 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60215 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jan 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,737,245 |
| CEO/Manager: | Kimberly Miller |
| Chairperson: | Jason Vavra |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,548,772 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,480,168 |
| Unsecured Loans | 4,525,420 |
| Other Loans | 10,940,129 |
| TOTAL LOANS | 52,945,716 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -454,894 |
| Land And Building | 2,288,778 |
| Other Fixed Assets | 90,696 |
| NCUSIF Deposit | 609,048 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,737,245 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 489,129 |
| Accounts Payable & Other Liabilities | 827,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,584,616 |
| Regular shares | 26,110,859 |
| All Other Shares & Deposits | 18,978,885 |
| TOTAL SHARES & DEPOSITS | 59,674,360 |
| TOTAL LIABILITIES | 60,991,408 |
| Regular Reserve | 0 |
| Other Reserves | -411,470 |
| Undivided Earnings | 5,157,307 |
| TOTAL EQUITY | 4,745,837 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,737,245 |
| INCOME & EXPENSE | |
| Loan Income | 2,392,309 |
| Investment Income | 415,990 |
| Other Income | 1,235,823 |
| Total Employee Compensation & Benefits | 1,421,893 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,885,678 |
| Non-operating Income & (Expense) | -3,105 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,360 |
| Cost of Funds | 356,037 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 320,049 |
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