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O. F. TOALSTON FEDERAL CREDIT UNION

Dec, 31, 2023 — O. F. TOALSTON FEDERAL CREDIT UNION is a federal credit union headquartered in Logan, WV with 1 branch location and about $477,610 in total assets. Opened 75 years ago in 1949, O. F. TOALSTON FEDERAL CREDIT UNION has about 175 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:O. F. TOALSTON FEDERAL CREDIT UNION
Address:
(Main Office)
96 Riverview Ave
Logan, WV 25601
Phone:(304) 792-2356
Fax:(304) 792-2356
Website:n/a
Branches:1 branch locations
Members:175
Credit Union Type:Federal Credit Union
Charter Number:6239
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jan 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$477,610
CEO/Manager:Donna Kauff
Chairperson:

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 68,596
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 175,778
 Other Loans 253,606
 TOTAL LOANS 429,384
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,341
 Land And Building 0
 Other Fixed Assets 1,561
 NCUSIF Deposit 3,906
 All Other Assets 0
  TOTAL ASSETS 477,610
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 14,133
 Accounts Payable & Other Liabilities 20,779
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 148,508
 All Other Shares & Deposits 221,811
  TOTAL SHARES & DEPOSITS 370,319
  TOTAL LIABILITIES 405,231
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 72,379
  TOTAL EQUITY 72,379
  TOTAL LIABILITIES, SHARES, & EQUITY 477,610
INCOME & EXPENSE  
 Loan Income 22,947
 Investment Income 529
 Other Income -35
 Total Employee Compensation & Benefits 10,014
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,424
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,949
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,054
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