Dec, 31, 2020 — STARK FEDERAL CREDIT UNION is a federal credit union headquartered in CANTON, OH with 3 branch locations and about $154.88 million in total assets. Opened 60 years ago in 1961, STARK FEDERAL CREDIT UNION has about 15,249 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | STARK FEDERAL CREDIT UNION |
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Address: (Main Office) | 4100 DRESSLER RD NW CANTON, OH 44718 |
Phone: | (330) 493-8325 |
Fax: | (330) 493-8328 |
Website: | http://www.starkcu.org |
Branches: | 3 branch locations |
Members: | 15,249 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14120 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $154,877,120 |
CEO/Manager: | Nino J Gemma |
Chairperson: | John Hexamer |
ASSETS: | $ Amount |
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Cash & Equivalents | 25,748,369 |
TOTAL INVESTMENTS | 45,247,761 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,082,129 |
Unsecured Loans | 5,670,677 |
Other Loans | 48,370,746 |
TOTAL LOANS | 75,866,573 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,067,638 |
Land And Building | 3,291,704 |
Other Fixed Assets | 204,270 |
NCUSIF Deposit | 1,289,402 |
All Other Assets | 4,296,679 |
TOTAL ASSETS | 154,877,120 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 318,227 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,225,928 |
Regular shares | 81,801,259 |
All Other Shares & Deposits | 32,225,322 |
TOTAL SHARES & DEPOSITS | 137,252,509 |
TOTAL LIABILITIES | 137,570,742 |
Regular Reserve | 4,928,042 |
Other Reserves | 0 |
Undivided Earnings | 12,378,336 |
TOTAL EQUITY | 17,306,378 |
TOTAL LIABILITIES, SHARES, & EQUITY | 154,877,120 |
INCOME & EXPENSE | |
Loan Income | 3,386,853 |
Investment Income | 914,541 |
Other Income | 1,148,107 |
Total Employee Compensation & Benefits | 1,776,540 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,792,186 |
Non-operating Income & (Expense) | 135,862 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 735,001 |
Cost of Funds | 400,142 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 881,494 |
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