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S T O F F E FEDERAL CREDIT UNION

Mar, 31, 2022 — S T O F F E FEDERAL CREDIT UNION is a federal credit union headquartered in SOLON, OH with 1 branch location and about $5.40 million in total assets. Opened 57 years ago in 1965, S T O F F E FEDERAL CREDIT UNION has about 1,884 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:1,884
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:$5,397,407
CEO/Manager:Necia L Burns
Chairperson:Pete Troyan

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,936,062
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 181,389
 Other Loans 2,194,828
 TOTAL LOANS 2,376,217
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,971
 Land And Building 0
 Other Fixed Assets 5,225
 NCUSIF Deposit 43,319
 All Other Assets 0
  TOTAL ASSETS 5,397,407
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,190
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 215,297
 Regular shares 3,670,671
 All Other Shares & Deposits 323,599
  TOTAL SHARES & DEPOSITS 4,209,567
  TOTAL LIABILITIES 4,217,757
 Regular Reserve 0
 Other Reserves 241,503
 Undivided Earnings 938,147
  TOTAL EQUITY 1,179,650
  TOTAL LIABILITIES, SHARES, & EQUITY 5,397,407
INCOME & EXPENSE  
 Loan Income 30,125
 Investment Income 933
 Other Income 6,154
 Total Employee Compensation & Benefits 25,720
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,506
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,500
 Cost of Funds 1,945
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -9,178
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