Dec, 31, 2021 — STEPPING STONES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $4.28 million in total assets. Opened 11 years ago in 2011, STEPPING STONES COMMUNITY FEDERAL CREDIT UNION has about 1,397 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STEPPING STONES COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 603 N Church St WILMINGTON, DE 19801 |
| Phone: | (302) 298-3253 |
| Fax: | |
| Website: | http://www.sscreditunion.org |
| Branches: | 1 branch locations |
| Members: | 1,397 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24845 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2011 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,276,755 |
| CEO/Manager: | Blanche Jackson |
| Chairperson: | Matthew Parks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,353,296 |
| TOTAL INVESTMENTS | 280,500 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,632,908 |
| Other Loans | 141,532 |
| TOTAL LOANS | 1,774,440 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -228,996 |
| Land And Building | 0 |
| Other Fixed Assets | 53,629 |
| NCUSIF Deposit | 24,077 |
| All Other Assets | 19,809 |
| TOTAL ASSETS | 4,276,755 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 661,222 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,318 |
| Regular shares | 1,076,331 |
| All Other Shares & Deposits | 1,930,374 |
| TOTAL SHARES & DEPOSITS | 3,028,023 |
| TOTAL LIABILITIES | 3,689,245 |
| Regular Reserve | 146,000 |
| Other Reserves | 0 |
| Undivided Earnings | 441,510 |
| TOTAL EQUITY | 587,510 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,276,755 |
| INCOME & EXPENSE | |
| Loan Income | 53,201 |
| Investment Income | 2,839 |
| Other Income | 146,557 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 468 |
| Total Other Operating Expenses | 544,458 |
| Non-operating Income & (Expense) | 596,063 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 219,799 |
| Cost of Funds | 3,228 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,707 |
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