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STARK FEDERAL CREDIT UNION

Jun, 30, 2021 — STARK FEDERAL CREDIT UNION is a federal credit union headquartered in CANTON, OH with 3 branch locations and about $169.33 million in total assets. Opened 60 years ago in 1961, STARK FEDERAL CREDIT UNION has about 15,459 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.


ABA Routing Number: 241274598
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:15,459
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$169,327,412
CEO/Manager:Nino J Gemma
Chairperson:John Hexamer

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,291,306
TOTAL INVESTMENTS 49,536,088
Loans Held for Sale 0
 
 Real Estate Loans 23,906,416
 Unsecured Loans 5,233,162
 Other Loans 48,780,525
 TOTAL LOANS 78,626,859
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,097,541
 Land And Building 3,240,925
 Other Fixed Assets 182,897
 NCUSIF Deposit 1,361,943
 All Other Assets 5,184,935
  TOTAL ASSETS 169,327,412
LIABILITIES & CAPITAL:  
 Dividends Payable 457
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 657,902
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,789,109
 Regular shares 91,690,489
 All Other Shares & Deposits 34,243,039
  TOTAL SHARES & DEPOSITS 150,722,637
  TOTAL LIABILITIES 151,380,996
 Regular Reserve 4,928,042
 Other Reserves 0
 Undivided Earnings 13,018,374
  TOTAL EQUITY 17,946,416
  TOTAL LIABILITIES, SHARES, & EQUITY 169,327,412
INCOME & EXPENSE  
 Loan Income 1,666,833
 Investment Income 208,622
 Other Income 572,435
 Total Employee Compensation & Benefits 871,257
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 956,511
 Non-operating Income & (Expense) -1,122
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 129,683
 Cost of Funds 122,120
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 640,038
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