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S T O F F E FEDERAL CREDIT UNION

Mar, 31, 2021 — S T O F F E FEDERAL CREDIT UNION is a federal credit union headquartered in SOLON, OH with 1 branch location and about $5.71 million in total assets. Opened 56 years ago in 1965, S T O F F E FEDERAL CREDIT UNION has about 1,947 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:S T O F F E FEDERAL CREDIT UNION
Address:
(Main Office)
5750 HARPER RD
SOLON, OH 44139-1831
Phone:(440) 349-5757
Fax:(440) 498-0931
Website:n/a
Branches:1 branch locations
Members:1,947
Credit Union Type:Federal Credit Union
Charter Number:16682
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1965
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,705,463
CEO/Manager:Necia L Burns
Chairperson:Pete Troyan

Call Report

  • Pay Day Loans
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,651,288
TOTAL INVESTMENTS 1,042,105
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 188,785
 Other Loans 2,785,998
 TOTAL LOANS 2,974,783
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,827
 Land And Building 0
 Other Fixed Assets 10,999
 NCUSIF Deposit 40,232
 All Other Assets 10,883
  TOTAL ASSETS 5,705,463
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,463
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 228,667
 Regular shares 3,797,281
 All Other Shares & Deposits 468,250
  TOTAL SHARES & DEPOSITS 4,494,198
  TOTAL LIABILITIES 4,509,661
 Regular Reserve 241,504
 Other Reserves 0
 Undivided Earnings 954,298
  TOTAL EQUITY 1,195,802
  TOTAL LIABILITIES, SHARES, & EQUITY 5,705,463
INCOME & EXPENSE  
 Loan Income 32,780
 Investment Income 586
 Other Income 5,756
 Total Employee Compensation & Benefits 31,652
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,487
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,900
 Cost of Funds 2,632
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -10,542
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