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FIRESTONE FEDERAL CREDIT UNION

Dec, 31, 2020 — FIRESTONE FEDERAL CREDIT UNION is a federal credit union headquartered in Akron, OH with 3 branch locations and about $222.24 million in total assets. Opened 61 years ago in 1960, FIRESTONE FEDERAL CREDIT UNION has about 8,997 members and employs 11 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:8,997
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:$222,235,006
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 27,237,024
TOTAL INVESTMENTS 163,386,160
Loans Held for Sale 0
 
 Real Estate Loans 24,789,406
 Unsecured Loans 718,875
 Other Loans 4,458,958
 TOTAL LOANS 29,967,239
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -719,085
 Land And Building 245,709
 Other Fixed Assets 106,377
 NCUSIF Deposit 1,682,779
 All Other Assets 328,803
  TOTAL ASSETS 222,235,006
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,965
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 136,689,314
 All Other Shares & Deposits 47,398,612
  TOTAL SHARES & DEPOSITS 184,087,926
  TOTAL LIABILITIES 184,098,891
 Regular Reserve 2,897,435
 Other Reserves 18,172,018
 Undivided Earnings 17,066,662
  TOTAL EQUITY 38,136,115
  TOTAL LIABILITIES, SHARES, & EQUITY 222,235,006
INCOME & EXPENSE  
 Loan Income 1,358,241
 Investment Income 2,368,121
 Other Income 0
 Total Employee Compensation & Benefits 858,506
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 484,070
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 2,126,832
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 226,954
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