Dec, 31, 2023 — STARK FEDERAL CREDIT UNION is a federal credit union headquartered in CANTON, OH with 3 branch locations and about $177.57 million in total assets. Opened 63 years ago in 1961, STARK FEDERAL CREDIT UNION has about 15,270 members and employs 38 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: | https://www.starkcu.org |
Branches: | 3 branch locations |
Members: | 15,270 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $177,570,625 |
CEO/Manager: | Nino J Gemma |
Chairperson: | Gary Tennefoss |
ASSETS: | $ Amount |
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Cash & Equivalents | 22,699,188 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,856,642 |
Unsecured Loans | 6,259,749 |
Other Loans | 65,508,039 |
TOTAL LOANS | 104,134,927 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,243,005 |
Land And Building | 4,162,039 |
Other Fixed Assets | 367,540 |
NCUSIF Deposit | 1,543,559 |
All Other Assets | 0 |
TOTAL ASSETS | 177,570,625 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,963 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 412,542 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,674,711 |
Regular shares | 85,457,587 |
All Other Shares & Deposits | 44,062,582 |
TOTAL SHARES & DEPOSITS | 155,194,880 |
TOTAL LIABILITIES | 155,612,385 |
Regular Reserve | 0 |
Other Reserves | -115 |
Undivided Earnings | 21,958,355 |
TOTAL EQUITY | 21,958,240 |
TOTAL LIABILITIES, SHARES, & EQUITY | 177,570,625 |
INCOME & EXPENSE | |
Loan Income | 5,069,996 |
Investment Income | 2,418,583 |
Other Income | 1,708,028 |
Total Employee Compensation & Benefits | 2,365,051 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,410,573 |
Non-operating Income & (Expense) | 520 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 343,019 |
Cost of Funds | 1,646,802 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,842,336 |
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