Dec, 31, 2022 — STEPPING STONES COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WILMINGTON, DE with 1 branch location and about $4.08 million in total assets. Opened 12 years ago in 2011, STEPPING STONES COMMUNITY FEDERAL CREDIT UNION has about 1,742 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: | STEPPING STONES COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 603 N Church St WILMINGTON, DE 19801 |
Phone: | (302) 298-3253 |
Fax: | |
Website: | https://www.sscreditunion.org |
Branches: | 1 branch locations |
Members: | 1,742 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24845 |
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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: | $4,079,626 |
CEO/Manager: | Blanche Jackson |
Chairperson: | Matthew Parks |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,707,146 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 119,700 |
Unsecured Loans | 555,891 |
Other Loans | 220,572 |
TOTAL LOANS | 896,163 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,095 |
Land And Building | 0 |
Other Fixed Assets | 52,738 |
NCUSIF Deposit | 30,268 |
All Other Assets | 0 |
TOTAL ASSETS | 4,079,626 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 13,141 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,059 |
Regular shares | 1,463,362 |
All Other Shares & Deposits | 1,937,588 |
TOTAL SHARES & DEPOSITS | 3,418,009 |
TOTAL LIABILITIES | 3,431,150 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 648,476 |
TOTAL EQUITY | 648,476 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,079,626 |
INCOME & EXPENSE | |
Loan Income | 37,945 |
Investment Income | 12,305 |
Other Income | 2,482 |
Total Employee Compensation & Benefits | 26,532 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 413,984 |
Non-operating Income & (Expense) | 445,134 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,000 |
Cost of Funds | 6,383 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 60,967 |
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