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SOFTITE COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2023 — SOFTITE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MARTINS FERRY, OH with 3 branch locations and about $35.59 million in total assets. Opened 55 years ago in 1969, SOFTITE COMMUNITY FEDERAL CREDIT UNION has about 3,766 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOFTITE COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
1201 S Zane Hwy
MARTINS FERRY, OH 43935-1965
Phone:(740) 633-2103
Fax:(740) 633-3304
Website:https://softitecfcu.com
Branches:3 branch locations
Members:3,766
Credit Union Type:Federal Credit Union
Charter Number:19433
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1969
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$35,592,486
CEO/Manager:Pam Fankhouser
Chairperson:James R Lepic

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,736,903
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,481,598
 Unsecured Loans 554,623
 Other Loans 10,533,081
 TOTAL LOANS 18,569,302
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -182,582
 Land And Building 2,022,146
 Other Fixed Assets 291,330
 NCUSIF Deposit 284,131
 All Other Assets 0
  TOTAL ASSETS 35,592,486
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 152,765
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,171,404
 Regular shares 18,959,827
 All Other Shares & Deposits 7,634,038
  TOTAL SHARES & DEPOSITS 30,765,269
  TOTAL LIABILITIES 30,918,034
 Regular Reserve 0
 Other Reserves 156,250
 Undivided Earnings 4,518,202
  TOTAL EQUITY 4,674,452
  TOTAL LIABILITIES, SHARES, & EQUITY 35,592,486
INCOME & EXPENSE  
 Loan Income 1,338,125
 Investment Income 325,112
 Other Income 211,682
 Total Employee Compensation & Benefits 717,058
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 627,726
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 146,298
 Cost of Funds 144,790
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 334,162
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