Dec, 31, 2023 — FIRST OHIO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH CANTON, OH with 1 branch location and about $40.65 million in total assets. Opened 87 years ago in 1937, FIRST OHIO COMMUNITY FEDERAL CREDIT UNION has about 3,706 members and employs 9 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: | https://www.firstohiocfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,706 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,645,557 |
| CEO/Manager: | Kim Lapinski |
| Chairperson: | Lester Schwallie |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,013,693 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,797,253 |
| Unsecured Loans | 1,180,714 |
| Other Loans | 18,897,907 |
| TOTAL LOANS | 22,875,874 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -205,078 |
| Land And Building | 827,346 |
| Other Fixed Assets | 30,118 |
| NCUSIF Deposit | 394,127 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,645,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 162,984 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,409,849 |
| Regular shares | 14,502,512 |
| All Other Shares & Deposits | 14,767,558 |
| TOTAL SHARES & DEPOSITS | 36,679,919 |
| TOTAL LIABILITIES | 36,842,903 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,802,654 |
| TOTAL EQUITY | 3,802,654 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,645,557 |
| INCOME & EXPENSE | |
| Loan Income | 924,574 |
| Investment Income | 528,735 |
| Other Income | 187,940 |
| Total Employee Compensation & Benefits | 462,523 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 652,897 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,778 |
| Cost of Funds | 141,034 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 409,993 |
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