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FASSON EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — FASSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 1 branch location and about $14.19 million in total assets. Opened 62 years ago in 1959, FASSON EMPLOYEES FEDERAL CREDIT UNION has about 1,402 members and employs 5 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:1,402
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:$14,185,792
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 1,220,578
TOTAL INVESTMENTS 9,020,891
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 242,351
 Other Loans 3,586,922
 TOTAL LOANS 3,829,273
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,701
 Land And Building 0
 Other Fixed Assets 13,258
 NCUSIF Deposit 108,470
 All Other Assets 27,023
  TOTAL ASSETS 14,185,792
LIABILITIES & CAPITAL:  
 Dividends Payable 18,860
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,822
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,791,280
 All Other Shares & Deposits 2,914,445
  TOTAL SHARES & DEPOSITS 11,705,725
  TOTAL LIABILITIES 11,738,407
 Regular Reserve 230,941
 Other Reserves 0
 Undivided Earnings 2,216,444
  TOTAL EQUITY 2,447,385
  TOTAL LIABILITIES, SHARES, & EQUITY 14,185,792
INCOME & EXPENSE  
 Loan Income 203,533
 Investment Income 175,441
 Other Income 10,198
 Total Employee Compensation & Benefits 210,221
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 56,970
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,596
 Cost of Funds 88,861
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 38,716
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