Dec, 31, 2023 — PIONEER WEST VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 6 branch locations and about $227.84 million in total assets. Opened 84 years ago in 1940, PIONEER WEST VIRGINIA FEDERAL CREDIT UNION has about 16,329 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PIONEER WEST VIRGINIA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1316 Kanawha Blvd E CHARLESTON, WV 25301 |
| Phone: | (304) 348-6648 |
| Fax: | (304) 347-7473 |
| Website: | https://www.pioneerwv.org |
| Branches: | 6 branch locations |
| Members: | 16,329 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3576 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $227,835,355 |
| CEO/Manager: | Dan McGowan |
| Chairperson: | William Milam |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,572,526 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,709,515 |
| Unsecured Loans | 9,930,219 |
| Other Loans | 63,799,993 |
| TOTAL LOANS | 141,439,727 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -163,994 |
| Land And Building | 12,231,156 |
| Other Fixed Assets | 1,395,123 |
| NCUSIF Deposit | 1,961,862 |
| All Other Assets | 0 |
| TOTAL ASSETS | 227,835,355 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 2,253,548 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,535,159 |
| Regular shares | 93,323,423 |
| All Other Shares & Deposits | 61,584,823 |
| TOTAL SHARES & DEPOSITS | 199,443,405 |
| TOTAL LIABILITIES | 203,696,953 |
| Regular Reserve | 0 |
| Other Reserves | 3,783,165 |
| Undivided Earnings | 20,355,237 |
| TOTAL EQUITY | 24,138,402 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 227,835,355 |
| INCOME & EXPENSE | |
| Loan Income | 6,212,543 |
| Investment Income | 1,906,499 |
| Other Income | 2,450,408 |
| Total Employee Compensation & Benefits | 3,673,421 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,119,432 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -60,783 |
| Cost of Funds | 1,340,406 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,798,676 |
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