Dec, 31, 2023 — FAYETTE FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNT HOPE, WV with 1 branch location and about $8.94 million in total assets. Opened 66 years ago in 1958, FAYETTE FEDERAL CREDIT UNION has about 840 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: | FAYETTE FEDERAL CREDIT UNION |
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Address: (Main Office) | 6058 ROBERT C BYRD DR MOUNT HOPE, WV 25880 |
Phone: | (304) 877-5404 |
Fax: | (304) 877-3002 |
Website: | https://fayettefcu.virtualcu.net |
Branches: | 1 branch locations |
Members: | 840 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12310 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,940,449 |
CEO/Manager: | Gail L Morgan |
Chairperson: | Joseph Robertson |
ASSETS: | $ Amount |
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Cash & Equivalents | 189,392 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 144,635 |
Unsecured Loans | 370,307 |
Other Loans | 3,711,902 |
TOTAL LOANS | 4,226,845 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,250 |
Land And Building | 104,349 |
Other Fixed Assets | 475 |
NCUSIF Deposit | 72,811 |
All Other Assets | 0 |
TOTAL ASSETS | 8,940,449 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,651 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 222,717 |
Regular shares | 5,503,146 |
All Other Shares & Deposits | 1,329,547 |
TOTAL SHARES & DEPOSITS | 7,055,410 |
TOTAL LIABILITIES | 7,057,061 |
Regular Reserve | 0 |
Other Reserves | 233,932 |
Undivided Earnings | 1,649,456 |
TOTAL EQUITY | 1,883,388 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,940,449 |
INCOME & EXPENSE | |
Loan Income | 245,444 |
Investment Income | 65,708 |
Other Income | 20,024 |
Total Employee Compensation & Benefits | 118,150 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 125,141 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,508 |
Cost of Funds | 35,106 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 59,340 |
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