Jun, 30, 2024 — FIRESTONE FEDERAL CREDIT UNION is a federal credit union headquartered in COVENTRY TOWNSHIP, OH with 2 branch locations and about $229.12 million in total assets. Opened 65 years ago in 1960, FIRESTONE FEDERAL CREDIT UNION has about 8,309 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRESTONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 31 Hanna Pkwy COVENTRY TOWNSHIP, OH 44319 |
| Phone: | (234) 352-1100 |
| Fax: | (330) 724-2590 |
| Website: | https://www.fofcu.com |
| Branches: | 2 branch locations |
| Members: | 8,309 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14066 |
|---|---|
| Membership Type: | Multiple common bond - Primarily machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $229,119,655 |
| CEO/Manager: | Wayne A Chapman |
| Chairperson: | Johnnie T Buckley Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,830,738 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,329,126 |
| Unsecured Loans | 472,254 |
| Other Loans | 3,180,662 |
| TOTAL LOANS | 25,982,042 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -733,582 |
| Land And Building | 229,959 |
| Other Fixed Assets | 66,394 |
| NCUSIF Deposit | 1,910,283 |
| All Other Assets | 0 |
| TOTAL ASSETS | 229,119,655 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,474 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 146,845,612 |
| All Other Shares & Deposits | 46,380,611 |
| TOTAL SHARES & DEPOSITS | 193,226,223 |
| TOTAL LIABILITIES | 193,234,697 |
| Regular Reserve | 0 |
| Other Reserves | 18,716,613 |
| Undivided Earnings | 17,168,345 |
| TOTAL EQUITY | 35,884,958 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 229,119,655 |
| INCOME & EXPENSE | |
| Loan Income | 748,248 |
| Investment Income | 1,238,023 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 604,276 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 364,987 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 909,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 123,274 |
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