Sep, 30, 2025 — FASSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 1 branch location and about $13.75 million in total assets. Opened 67 years ago in 1959, FASSON EMPLOYEES FEDERAL CREDIT UNION has about 1,311 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: | 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: | 1,311 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13115 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,747,870 |
| CEO/Manager: | Robin Hall |
| Chairperson: | Randell Deluca |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,371,854 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 238,888 |
| Other Loans | 5,199,413 |
| TOTAL LOANS | 5,438,302 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,414 |
| Land And Building | 0 |
| Other Fixed Assets | 7,467 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 101,333 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,747,870 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 79,843 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,199 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,865,765 |
| All Other Shares & Deposits | 3,998,605 |
| TOTAL SHARES & DEPOSITS | 10,864,370 |
| TOTAL LIABILITIES | 10,946,412 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,801,458 |
| TOTAL EQUITY | 2,801,458 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,747,870 |
| INCOME & EXPENSE | |
| Loan Income | 237,624 |
| Investment Income | 193,716 |
| Other Income | 9,952 |
| Total Employee Compensation & Benefits | 13,641 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,127 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,687 |
| Cost of Funds | 134,709 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 233,043 |
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