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FIRESTONE FEDERAL CREDIT UNION

Mar, 31, 2021 — FIRESTONE FEDERAL CREDIT UNION is a federal credit union headquartered in Akron, OH with 3 branch locations and about $228.48 million in total assets. Opened 61 years ago in 1960, FIRESTONE FEDERAL CREDIT UNION has about 8,921 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
Akron, OH 44319
Phone:(234) 352-1100
Fax:(330) 724-2590
Website:http://www.fofcu.com
Branches:3 branch locations
Members:8,921
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$228,482,998
CEO/Manager:Wayne A Chapman
Chairperson:Johnnie T Buckley Jr

Call Report

  • Real Estate Loans
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,910,255
TOTAL INVESTMENTS 180,814,968
Loans Held for Sale 0
 
 Real Estate Loans 24,263,354
 Unsecured Loans 660,716
 Other Loans 4,101,766
 TOTAL LOANS 29,025,836
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -728,097
 Land And Building 243,459
 Other Fixed Assets 99,890
 NCUSIF Deposit 1,802,399
 All Other Assets 314,288
  TOTAL ASSETS 228,482,998
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,798
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 143,808,016
 All Other Shares & Deposits 46,942,192
  TOTAL SHARES & DEPOSITS 190,750,208
  TOTAL LIABILITIES 190,768,006
 Regular Reserve 2,897,435
 Other Reserves 17,832,818
 Undivided Earnings 16,984,739
  TOTAL EQUITY 37,714,992
  TOTAL LIABILITIES, SHARES, & EQUITY 228,482,998
INCOME & EXPENSE  
 Loan Income 302,315
 Investment Income 387,224
 Other Income 0
 Total Employee Compensation & Benefits 211,492
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 151,482
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 403,488
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -81,923
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