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S T O F F E FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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