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FIRST OHIO COMMUNITY FEDERAL CREDIT UNION

Sep, 30, 2021 — FIRST OHIO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in North Canton, OH with 1 branch location and about $42.11 million in total assets. Opened 84 years ago in 1937, FIRST OHIO COMMUNITY FEDERAL CREDIT UNION has about 3,833 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FIRST OHIO COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
8200 Cleveland Ave NW
North Canton, OH 44720-5666
Phone:(330) 494-8775
Fax:(330) 494-7187
Website:http://www.firstohiocfcu.org
Branches:1 branch locations
Members:3,833
Credit Union Type:Federal Credit Union
Charter Number:2454
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1937
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$42,113,375
CEO/Manager:Kim Lapinski
Chairperson:Lester Schwallie

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,030,134
TOTAL INVESTMENTS 20,274,681
Loans Held for Sale 0
 
 Real Estate Loans 2,728,590
 Unsecured Loans 1,149,528
 Other Loans 12,327,032
 TOTAL LOANS 16,205,150
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,396
 Land And Building 871,672
 Other Fixed Assets 39,074
 NCUSIF Deposit 360,024
 All Other Assets 441,036
  TOTAL ASSETS 42,113,375
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 81,345
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,574,736
 Regular shares 15,742,991
 All Other Shares & Deposits 16,454,331
  TOTAL SHARES & DEPOSITS 38,772,058
  TOTAL LIABILITIES 38,853,403
 Regular Reserve 651,435
 Other Reserves 0
 Undivided Earnings 2,608,537
  TOTAL EQUITY 3,259,972
  TOTAL LIABILITIES, SHARES, & EQUITY 42,113,375
INCOME & EXPENSE  
 Loan Income 477,231
 Investment Income 64,528
 Other Income 127,853
 Total Employee Compensation & Benefits 293,421
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 434,451
 Non-operating Income & (Expense) -1
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -16,539
 Cost of Funds 53,537
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -49,711
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