Mar, 31, 2021 — STARK FEDERAL CREDIT UNION is a federal credit union headquartered in CANTON, OH with 3 branch locations and about $166.91 million in total assets. Opened 60 years ago in 1961, STARK FEDERAL CREDIT UNION has about 15,338 members and employs 33 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 |
|---|---|
| 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: | 15,338 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14120 |
|---|---|
| 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: | $166,909,188 |
| CEO/Manager: | Nino J Gemma |
| Chairperson: | John Hexamer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,686,996 |
| TOTAL INVESTMENTS | 42,418,352 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,439,339 |
| Unsecured Loans | 5,254,452 |
| Other Loans | 48,032,339 |
| TOTAL LOANS | 76,493,870 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,117,772 |
| Land And Building | 3,266,872 |
| Other Fixed Assets | 195,915 |
| NCUSIF Deposit | 1,361,943 |
| All Other Assets | 4,603,012 |
| TOTAL ASSETS | 166,909,188 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 570 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 171,568 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,372,560 |
| Regular shares | 89,072,175 |
| All Other Shares & Deposits | 33,716,578 |
| TOTAL SHARES & DEPOSITS | 149,161,313 |
| TOTAL LIABILITIES | 149,333,451 |
| Regular Reserve | 4,928,042 |
| Other Reserves | 0 |
| Undivided Earnings | 12,647,695 |
| TOTAL EQUITY | 17,575,737 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 166,909,188 |
| INCOME & EXPENSE | |
| Loan Income | 829,474 |
| Investment Income | 121,283 |
| Other Income | 288,546 |
| Total Employee Compensation & Benefits | 431,977 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 476,523 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,643 |
| Cost of Funds | 60,966 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 269,359 |
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