Dec, 31, 2023 — MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $9.18 million in total assets. Opened 48 years ago in 1976, MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 937 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: | MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1512 Mary Lou Retton Dr FAIRMONT, WV 26554 |
Phone: | (304) 366-2390 |
Fax: | (304) 366-2465 |
Website: | https://www.schoolcu.virtualcu.net |
Branches: | 1 branch locations |
Members: | 937 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22428 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,179,877 |
CEO/Manager: | Stephanie Williams |
Chairperson: | Cathie Matheny |
ASSETS: | $ Amount |
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Cash & Equivalents | 693,997 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 536,944 |
Other Loans | 2,567,531 |
TOTAL LOANS | 3,104,475 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,639 |
Land And Building | 164,616 |
Other Fixed Assets | 738 |
NCUSIF Deposit | 84,878 |
All Other Assets | 0 |
TOTAL ASSETS | 9,179,877 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 11,596 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 991,588 |
Regular shares | 5,957,529 |
All Other Shares & Deposits | 489,563 |
TOTAL SHARES & DEPOSITS | 7,438,680 |
TOTAL LIABILITIES | 7,450,276 |
Regular Reserve | 0 |
Other Reserves | 267,287 |
Undivided Earnings | 1,462,314 |
TOTAL EQUITY | 1,729,601 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,179,877 |
INCOME & EXPENSE | |
Loan Income | 181,743 |
Investment Income | 148,215 |
Other Income | 14,063 |
Total Employee Compensation & Benefits | 138,243 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 147,888 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 5,379 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 55,307 |
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