Dec, 31, 2023 — HOME FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 2 branch locations and about $34.89 million in total assets. Opened 74 years ago in 1950, HOME FEDERAL CREDIT UNION has about 2,876 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOME FEDERAL CREDIT UNION |
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Address: (Main Office) | 131 W Pike St CLARKSBURG, WV 26301 |
Phone: | (304) 623-6800 |
Fax: | |
Website: | https://www.homefcu.org |
Branches: | 2 branch locations |
Members: | 2,876 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6674 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,889,317 |
CEO/Manager: | Natisha K Swiger |
Chairperson: | Roscoe G Workman |
ASSETS: | $ Amount |
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Cash & Equivalents | 744,852 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,010,712 |
Unsecured Loans | 950,466 |
Other Loans | 16,028,432 |
TOTAL LOANS | 23,989,610 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,893 |
Land And Building | 412,128 |
Other Fixed Assets | 32,014 |
NCUSIF Deposit | 299,676 |
All Other Assets | 0 |
TOTAL ASSETS | 34,889,317 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 1,607,563 |
Accounts Payable & Other Liabilities | 33,803 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,731,844 |
Regular shares | 17,418,424 |
All Other Shares & Deposits | 5,082,791 |
TOTAL SHARES & DEPOSITS | 28,233,059 |
TOTAL LIABILITIES | 29,874,425 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,014,892 |
TOTAL EQUITY | 5,014,892 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,889,317 |
INCOME & EXPENSE | |
Loan Income | 1,051,946 |
Investment Income | 177,805 |
Other Income | 115,008 |
Total Employee Compensation & Benefits | 600,446 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 704,634 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
Cost of Funds | 257,888 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 850 |
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