Dec, 31, 2023 — CAMC FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $76.62 million in total assets. Opened 47 years ago in 1977, CAMC FEDERAL CREDIT UNION has about 4,955 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAMC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3400 MacCorkle Ave SE CHARLESTON, WV 25304 |
| Phone: | (304) 388-5700 |
| Fax: | (304) 388-5730 |
| Website: | https://www.camcfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,955 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22657 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $76,619,535 |
| CEO/Manager: | Ashley D Morris |
| Chairperson: | Susan Russell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,249,518 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,879,519 |
| Unsecured Loans | 756,737 |
| Other Loans | 14,526,719 |
| TOTAL LOANS | 35,162,975 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -222,622 |
| Land And Building | 623,190 |
| Other Fixed Assets | 381,444 |
| NCUSIF Deposit | 581,498 |
| All Other Assets | 0 |
| TOTAL ASSETS | 76,619,535 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,531 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,796,797 |
| Regular shares | 21,992,581 |
| All Other Shares & Deposits | 19,426,544 |
| TOTAL SHARES & DEPOSITS | 57,215,922 |
| TOTAL LIABILITIES | 57,394,453 |
| Regular Reserve | 0 |
| Other Reserves | 742,254 |
| Undivided Earnings | 18,482,828 |
| TOTAL EQUITY | 19,225,082 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 76,619,535 |
| INCOME & EXPENSE | |
| Loan Income | 1,476,512 |
| Investment Income | 880,224 |
| Other Income | 250,601 |
| Total Employee Compensation & Benefits | 952,259 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,078,027 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,753 |
| Cost of Funds | 250,691 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 815,503 |
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