Dec, 31, 2023 — S T O F F E FEDERAL CREDIT UNION is a federal credit union headquartered in SOLON, OH with 1 branch location and about $4.93 million in total assets. Opened 59 years ago in 1965, S T O F F E FEDERAL CREDIT UNION has about 1,658 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | S T O F F E FEDERAL CREDIT UNION |
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Address: (Main Office) | 5750 Harper Rd SOLON, OH 44139-1831 |
Phone: | (440) 715-2010 |
Fax: | |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,658 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16682 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,932,333 |
CEO/Manager: | Necia L Burns |
Chairperson: | Pete Troyan |
ASSETS: | $ Amount |
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Cash & Equivalents | 222,694 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 161,720 |
Other Loans | 2,499,441 |
TOTAL LOANS | 2,661,161 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,405 |
Land And Building | 0 |
Other Fixed Assets | 18 |
NCUSIF Deposit | 39,814 |
All Other Assets | 0 |
TOTAL ASSETS | 4,932,333 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,367 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 176,086 |
Regular shares | 3,172,113 |
All Other Shares & Deposits | 329,359 |
TOTAL SHARES & DEPOSITS | 3,677,557 |
TOTAL LIABILITIES | 3,683,924 |
Regular Reserve | 0 |
Other Reserves | 241,504 |
Undivided Earnings | 1,006,905 |
TOTAL EQUITY | 1,248,409 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,932,333 |
INCOME & EXPENSE | |
Loan Income | 133,130 |
Investment Income | 82,466 |
Other Income | 44,399 |
Total Employee Compensation & Benefits | 105,533 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 87,095 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,150 |
Cost of Funds | 10,621 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 55,075 |
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