C O FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.cofederalcreditunion.com for more information.
Dec, 31, 2023 — C O FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, SC with 1 branch location and about $2.41 million in total assets. Opened 58 years ago in 1966, C O FEDERAL CREDIT UNION has about 711 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: | C O FEDERAL CREDIT UNION |
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Address: (Main Office) | 117 SPRING ST CHARLESTON, SC 29403 |
Phone: | (843) 722-7656 |
Fax: | (843) 722-2711 |
Website: | https://www.cofederalcreditunion.com |
Branches: | 1 branch locations |
Members: | 711 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17655 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,414,020 |
CEO/Manager: | NATASHA M VELAS-STEP |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,233,985 |
TOTAL INVESTMENTS | 10,887 |
Loans Held for Sale | 0 |
Real Estate Loans | 284,723 |
Unsecured Loans | 88,359 |
Other Loans | 876,158 |
TOTAL LOANS | 1,249,240 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,932 |
Land And Building | 0 |
Other Fixed Assets | 1 |
NCUSIF Deposit | 39,899 |
All Other Assets | 12,940 |
TOTAL ASSETS | 2,414,020 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,300 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,885 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 21,746 |
Regular shares | 2,774,861 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,796,607 |
TOTAL LIABILITIES | 2,799,792 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | -385,772 |
TOTAL EQUITY | -385,772 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,414,020 |
INCOME & EXPENSE | |
Loan Income | 77,830 |
Investment Income | 120 |
Other Income | 13,494 |
Total Employee Compensation & Benefits | 36,943 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 143,168 |
Non-operating Income & (Expense) | 398,025 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 759,138 |
Cost of Funds | 9,376 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -445,646 |
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