Dec, 31, 2023 — HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in WEIRTON, WV with 1 branch location and about $23.86 million in total assets. Opened 52 years ago in 1972, HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION has about 1,500 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION |
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Address: (Main Office) | 384 Penco Rd WEIRTON, WV 26062 |
Phone: | (304) 723-5605 |
Fax: | (304) 723-9655 |
Website: | https://www.hsefcu.com |
Branches: | 1 branch locations |
Members: | 1,500 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21115 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,858,521 |
CEO/Manager: | David L Karas |
Chairperson: | Gordon J Anderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 154,089 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,553,306 |
Other Loans | 4,879,149 |
TOTAL LOANS | 6,432,455 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,042 |
Land And Building | 486,478 |
Other Fixed Assets | 91,848 |
NCUSIF Deposit | 195,975 |
All Other Assets | 0 |
TOTAL ASSETS | 23,858,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,754 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -22,939 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,483,381 |
Regular shares | 16,035,842 |
All Other Shares & Deposits | 2,796,795 |
TOTAL SHARES & DEPOSITS | 21,316,018 |
TOTAL LIABILITIES | 21,317,833 |
Regular Reserve | 0 |
Other Reserves | 574,374 |
Undivided Earnings | 1,966,314 |
TOTAL EQUITY | 2,540,688 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,858,521 |
INCOME & EXPENSE | |
Loan Income | 259,211 |
Investment Income | 446,680 |
Other Income | 9,187 |
Total Employee Compensation & Benefits | 176,507 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 329,890 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 132,406 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 76,275 |
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