Dec, 31, 2020 — STRUTHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Struthers, OH with 1 branch location and about $25.46 million in total assets. Opened 61 years ago in 1960, STRUTHERS FEDERAL CREDIT UNION has about 4,498 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STRUTHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 808 Poland Ave. Struthers, OH 44471-1527 |
| Phone: | (330) 755-7556 |
| Fax: | (330) 755-2320 |
| Website: | http://www.strutherscreditunion.com |
| Branches: | 1 branch locations |
| Members: | 4,498 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13531 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,464,223 |
| CEO/Manager: | Michele L Luca |
| Chairperson: | Bill Petrunak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,788,838 |
| TOTAL INVESTMENTS | 6,344,936 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 61,343 |
| Unsecured Loans | 1,604,491 |
| Other Loans | 6,652,100 |
| TOTAL LOANS | 8,317,934 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,906 |
| Land And Building | 678,555 |
| Other Fixed Assets | 66,348 |
| NCUSIF Deposit | 195,535 |
| All Other Assets | 142,983 |
| TOTAL ASSETS | 25,464,223 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 66,087 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,556,863 |
| Regular shares | 18,252,348 |
| All Other Shares & Deposits | 713,482 |
| TOTAL SHARES & DEPOSITS | 23,522,693 |
| TOTAL LIABILITIES | 23,588,780 |
| Regular Reserve | 175,879 |
| Other Reserves | 0 |
| Undivided Earnings | 1,699,564 |
| TOTAL EQUITY | 1,875,443 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,464,223 |
| INCOME & EXPENSE | |
| Loan Income | 527,478 |
| Investment Income | 177,009 |
| Other Income | 305,567 |
| Total Employee Compensation & Benefits | 376,644 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 510,803 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,137 |
| Cost of Funds | 30,136 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 66,334 |
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