Dec, 31, 2023 — JOY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BLUEFIELD, WV with 1 branch location and about $701,906 in total assets. Opened 55 years ago in 1969, JOY EMPLOYEES FEDERAL CREDIT UNION has about 219 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JOY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 3140 E Cumberland RD Ste 103 BLUEFIELD, WV 24701 |
Phone: | (276) 322-5454 |
Fax: | (276) 322-1235 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 219 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19158 |
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Membership Type: | Manufacturing - Machinery |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $701,906 |
CEO/Manager: | Jerry D Gallogly Jr |
Chairperson: | Steve C Chaffin |
ASSETS: | $ Amount |
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Cash & Equivalents | 260,017 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 44,792 |
Other Loans | 477,221 |
TOTAL LOANS | 522,012 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,835 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 7,201 |
All Other Assets | 0 |
TOTAL ASSETS | 701,906 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 497 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 431,800 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 431,799 |
TOTAL LIABILITIES | 432,296 |
Regular Reserve | 0 |
Other Reserves | 13,265 |
Undivided Earnings | 256,345 |
TOTAL EQUITY | 269,610 |
TOTAL LIABILITIES, SHARES, & EQUITY | 701,906 |
INCOME & EXPENSE | |
Loan Income | 32,173 |
Investment Income | 10,945 |
Other Income | 0 |
Total Employee Compensation & Benefits | 13,868 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,435 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 5,556 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,499 |
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