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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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