Sep, 30, 2025 — TOWPATH CREDIT UNION is a non-federally insured state credit union headquartered in FAIRLAWN, OH with 4 branch locations and about $205.56 million in total assets. Opened 2026 years ago in 0, TOWPATH CREDIT UNION has about 26,369 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWPATH CREDIT UNION |
|---|---|
| Address: (Main Office) | 2969 Smith Rd FAIRLAWN, OH 44333 |
| Phone: | (330) 664-4700 |
| Fax: | (330) 664-4799 |
| Website: | https://www.towpathcu.com |
| Branches: | 4 branch locations |
| Members: | 26,369 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 96658 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $205,557,062 |
| CEO/Manager: | Michael Sferro |
| Chairperson: | Lester N Carney, Sr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,111,958 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,773,147 |
| Unsecured Loans | 18,398,828 |
| Other Loans | 84,712,871 |
| TOTAL LOANS | 146,884,846 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,112,733 |
| Land And Building | 3,208,914 |
| Other Fixed Assets | 1,202,381 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 87,590 |
| TOTAL ASSETS | 205,557,062 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,244,519 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,637,338 |
| Regular shares | 99,163,652 |
| All Other Shares & Deposits | 51,863,695 |
| TOTAL SHARES & DEPOSITS | 181,664,685 |
| TOTAL LIABILITIES | 182,909,204 |
| Regular Reserve | 0 |
| Other Reserves | 4,298,991 |
| Undivided Earnings | 18,348,867 |
| TOTAL EQUITY | 22,647,858 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 205,557,062 |
| INCOME & EXPENSE | |
| Loan Income | 7,471,151 |
| Investment Income | 1,164,070 |
| Other Income | 1,826,990 |
| Total Employee Compensation & Benefits | 3,514,016 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,387,880 |
| Non-operating Income & (Expense) | 112,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 976,741 |
| Cost of Funds | 1,099,728 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,237,816 |
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