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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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