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FASSON EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — FASSON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PAINESVILLE, OH with 1 branch location and about $15.10 million in total assets. Opened 62 years ago in 1959, FASSON EMPLOYEES FEDERAL CREDIT UNION has about 1,391 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:1,391
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$15,095,249
CEO/Manager:Leslie M Poliszczuk
Chairperson:James Muscato

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,373,455
TOTAL INVESTMENTS 9,817,718
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 188,204
 Other Loans 3,591,897
 TOTAL LOANS 3,780,101
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -25,435
 Land And Building 0
 Other Fixed Assets 10,023
 NCUSIF Deposit 117,057
 All Other Assets 22,330
  TOTAL ASSETS 15,095,249
LIABILITIES & CAPITAL:  
 Dividends Payable 8,947
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,179
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 9,990,760
 All Other Shares & Deposits 2,606,120
  TOTAL SHARES & DEPOSITS 12,596,880
  TOTAL LIABILITIES 12,625,006
 Regular Reserve 230,941
 Other Reserves 0
 Undivided Earnings 2,239,302
  TOTAL EQUITY 2,470,243
  TOTAL LIABILITIES, SHARES, & EQUITY 15,095,249
INCOME & EXPENSE  
 Loan Income 95,909
 Investment Income 72,139
 Other Income 4,655
 Total Employee Compensation & Benefits 106,880
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,392
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -5,020
 Cost of Funds 21,602
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,858
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