Dec, 31, 2023 — NATIONAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BLUEFIELD, WV with 1 branch location and about $14.01 million in total assets. Opened 76 years ago in 1948, NATIONAL EMPLOYEES FEDERAL CREDIT UNION has about 2,892 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: | NATIONAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 314O E CUMBERLAND RD BLUEFIELD, WV 24701-4972 |
| Phone: | (304) 325-9753 |
| Fax: | (304) 324-8525 |
| Website: | https://www.nefcu.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 2,892 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5713 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,007,984 |
| CEO/Manager: | CHARLES F BLANKENSHIP |
| Chairperson: | Charles Bowling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 593,377 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 843,534 |
| Unsecured Loans | 2,050,466 |
| Other Loans | 6,345,461 |
| TOTAL LOANS | 9,239,461 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -85,393 |
| Land And Building | 393,720 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 132,318 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,007,984 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,068 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,697 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 540,551 |
| Regular shares | 10,499,219 |
| All Other Shares & Deposits | 1,235,180 |
| TOTAL SHARES & DEPOSITS | 12,274,950 |
| TOTAL LIABILITIES | 12,339,715 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,668,269 |
| TOTAL EQUITY | 1,668,269 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,007,984 |
| INCOME & EXPENSE | |
| Loan Income | 585,708 |
| Investment Income | 85,765 |
| Other Income | 65,354 |
| Total Employee Compensation & Benefits | 278,246 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 326,418 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,000 |
| Cost of Funds | 97,080 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,977 |
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