Dec, 31, 2023 — FASSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 1 branch location and about $14.20 million in total assets. Opened 65 years ago in 1959, FASSON EMPLOYEES FEDERAL CREDIT UNION has about 1,357 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: | FASSON EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 Chester St # 1-E PAINESVILLE, OH 44077-4118 |
| Phone: | (440) 358-2100 |
| Fax: | (440) 358-2102 |
| Website: | https://www.fassoncreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,357 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13115 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,201,410 |
| CEO/Manager: | Leslie M Poliszczuk |
| Chairperson: | Donald Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,304,274 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 270,266 |
| Other Loans | 5,595,221 |
| TOTAL LOANS | 5,865,487 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,535 |
| Land And Building | 0 |
| Other Fixed Assets | 3,661 |
| NCUSIF Deposit | 122,398 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,201,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 57,640 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,864 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,573,234 |
| All Other Shares & Deposits | 3,875,118 |
| TOTAL SHARES & DEPOSITS | 11,448,352 |
| TOTAL LIABILITIES | 11,517,856 |
| Regular Reserve | 0 |
| Other Reserves | 230,941 |
| Undivided Earnings | 2,452,613 |
| TOTAL EQUITY | 2,683,554 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,201,410 |
| INCOME & EXPENSE | |
| Loan Income | 259,672 |
| Investment Income | 168,660 |
| Other Income | 13,705 |
| Total Employee Compensation & Benefits | 176,711 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,824 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,409 |
| Cost of Funds | 121,519 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,037 |
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