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.
| 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 |
| 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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