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FASSON EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — FASSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 1 branch location and about $14.63 million in total assets. Opened 62 years ago in 1959, FASSON EMPLOYEES FEDERAL CREDIT UNION has about 1,394 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:http://www.fassoncreditunion.com
Branches:1 branch locations
Members:1,394
Credit Union Type:Federal Credit Union
Charter Number:13115
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jul 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$14,630,669
CEO/Manager:Laurie J Hall
Chairperson:James Muscato

Call Report

  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,441,665
TOTAL INVESTMENTS 9,220,293
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 219,165
 Other Loans 3,634,122
 TOTAL LOANS 3,853,287
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,205
 Land And Building 0
 Other Fixed Assets 11,641
 NCUSIF Deposit 108,469
 All Other Assets 27,519
  TOTAL ASSETS 14,630,669
LIABILITIES & CAPITAL:  
 Dividends Payable 9,114
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,683
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 9,445,876
 All Other Shares & Deposits 2,696,289
  TOTAL SHARES & DEPOSITS 12,142,165
  TOTAL LIABILITIES 12,165,962
 Regular Reserve 230,942
 Other Reserves 0
 Undivided Earnings 2,233,765
  TOTAL EQUITY 2,464,707
  TOTAL LIABILITIES, SHARES, & EQUITY 14,630,669
INCOME & EXPENSE  
 Loan Income 47,620
 Investment Income 39,285
 Other Income 2,089
 Total Employee Compensation & Benefits 49,268
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,382
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -1,496
 Cost of Funds 11,222
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 17,321
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