Dec, 31, 2023 — STEPPING STONES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $4.63 million in total assets. Opened 13 years ago in 2011, STEPPING STONES COMMUNITY FEDERAL CREDIT UNION has about 2,303 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STEPPING STONES COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 603 N Church St WILMINGTON, DE 19801 |
| Phone: | (302) 298-3253 |
| Fax: | |
| Website: | https://www.sscreditunion.org |
| Branches: | 1 branch locations |
| Members: | 2,303 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24845 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2011 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,629,946 |
| CEO/Manager: | Blanche Jackson |
| Chairperson: | Matthew Parks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,610,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 117,775 |
| Unsecured Loans | 193,203 |
| Other Loans | 401,894 |
| TOTAL LOANS | 712,872 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -116,849 |
| Land And Building | 0 |
| Other Fixed Assets | 6,062 |
| NCUSIF Deposit | 34,635 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,629,946 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,042 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,514 |
| Regular shares | 2,020,139 |
| All Other Shares & Deposits | 1,930,837 |
| TOTAL SHARES & DEPOSITS | 3,964,490 |
| TOTAL LIABILITIES | 4,006,532 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 623,414 |
| TOTAL EQUITY | 623,414 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,629,946 |
| INCOME & EXPENSE | |
| Loan Income | 52,398 |
| Investment Income | 141,684 |
| Other Income | 4,695 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 655,064 |
| Non-operating Income & (Expense) | 490,477 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,534 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,656 |
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