Dec, 31, 2023 — SOFTITE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MARTINS FERRY, OH with 3 branch locations and about $35.59 million in total assets. Opened 55 years ago in 1969, SOFTITE COMMUNITY FEDERAL CREDIT UNION has about 3,766 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SOFTITE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1201 S Zane Hwy MARTINS FERRY, OH 43935-1965 |
Phone: | (740) 633-2103 |
Fax: | (740) 633-3304 |
Website: | https://softitecfcu.com |
Branches: | 3 branch locations |
Members: | 3,766 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19433 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,592,486 |
CEO/Manager: | Pam Fankhouser |
Chairperson: | James R Lepic |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,736,903 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,481,598 |
Unsecured Loans | 554,623 |
Other Loans | 10,533,081 |
TOTAL LOANS | 18,569,302 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -182,582 |
Land And Building | 2,022,146 |
Other Fixed Assets | 291,330 |
NCUSIF Deposit | 284,131 |
All Other Assets | 0 |
TOTAL ASSETS | 35,592,486 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 152,765 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,171,404 |
Regular shares | 18,959,827 |
All Other Shares & Deposits | 7,634,038 |
TOTAL SHARES & DEPOSITS | 30,765,269 |
TOTAL LIABILITIES | 30,918,034 |
Regular Reserve | 0 |
Other Reserves | 156,250 |
Undivided Earnings | 4,518,202 |
TOTAL EQUITY | 4,674,452 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,592,486 |
INCOME & EXPENSE | |
Loan Income | 1,338,125 |
Investment Income | 325,112 |
Other Income | 211,682 |
Total Employee Compensation & Benefits | 717,058 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 627,726 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 146,298 |
Cost of Funds | 144,790 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 334,162 |
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