Dec, 31, 2023 — CITY OF CLARKSBURG FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 1 branch location and about $8.84 million in total assets. Opened 64 years ago in 1960, CITY OF CLARKSBURG FEDERAL CREDIT UNION has about 819 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: | CITY OF CLARKSBURG FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 S 4TH ST CLARKSBURG, WV 26301 |
Phone: | (304) 624-1678 |
Fax: | (304) 624-0984 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 819 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13426 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,843,764 |
CEO/Manager: | TERRY SPENCER |
Chairperson: | RANDY WAUGAMAN |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,526,811 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 282,519 |
Other Loans | 3,790,751 |
TOTAL LOANS | 4,073,271 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,523 |
Land And Building | 649,070 |
Other Fixed Assets | 2,999 |
NCUSIF Deposit | 93,835 |
All Other Assets | 0 |
TOTAL ASSETS | 8,843,764 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,005 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,777,031 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,777,032 |
TOTAL LIABILITIES | 7,785,037 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,058,727 |
TOTAL EQUITY | 1,058,727 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,843,764 |
INCOME & EXPENSE | |
Loan Income | 209,232 |
Investment Income | 76,545 |
Other Income | 40 |
Total Employee Compensation & Benefits | 133,804 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 92,503 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 58,190 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,105 |
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