Dec, 31, 2023 — CHA-TEL FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $11.08 million in total assets. Opened 61 years ago in 1963, CHA-TEL FEDERAL CREDIT UNION has about 1,311 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: | CHA-TEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1500 Maccorkle Ave SE CHARLESTON, WV 25396 |
Phone: | (304) 344-3330 |
Fax: | (304) 344-2918 |
Website: | https://www.chatelfcu.com |
Branches: | 1 branch locations |
Members: | 1,311 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15935 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,080,198 |
CEO/Manager: | Kimberly A Taylor |
Chairperson: | Terry P Sanner |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,039,620 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 820,991 |
Other Loans | 5,670,215 |
TOTAL LOANS | 6,491,206 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,546 |
Land And Building | 0 |
Other Fixed Assets | 18,671 |
NCUSIF Deposit | 106,673 |
All Other Assets | 0 |
TOTAL ASSETS | 11,080,198 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 51,722 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,845,993 |
Regular shares | 5,003,129 |
All Other Shares & Deposits | 2,797,693 |
TOTAL SHARES & DEPOSITS | 9,646,816 |
TOTAL LIABILITIES | 9,698,538 |
Regular Reserve | 0 |
Other Reserves | 284,306 |
Undivided Earnings | 1,097,354 |
TOTAL EQUITY | 1,381,660 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,080,198 |
INCOME & EXPENSE | |
Loan Income | 344,747 |
Investment Income | 133,107 |
Other Income | 32,420 |
Total Employee Compensation & Benefits | 153,961 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 278,613 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 44,351 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 98,826 |
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