Dec, 31, 2023 — PUTNAM SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELEANOR, WV with 1 branch location and about $14.70 million in total assets. Opened 52 years ago in 1972, PUTNAM SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,984 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PUTNAM SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 ROOSEVELT BLVD ELEANOR, WV 25070 |
| Phone: | (304) 586-3900 |
| Fax: | (304) 586-4159 |
| Website: | https://www.psewv.com |
| Branches: | 1 branch locations |
| Members: | 1,984 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21107 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,696,902 |
| CEO/Manager: | JUDY L BARRETT |
| Chairperson: | Allen Messinger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 569,139 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 791,732 |
| Other Loans | 6,208,889 |
| TOTAL LOANS | 7,000,621 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,109 |
| Land And Building | 0 |
| Other Fixed Assets | 21 |
| NCUSIF Deposit | 136,027 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,696,902 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 30,846 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 11,310,283 |
| All Other Shares & Deposits | 927,093 |
| TOTAL SHARES & DEPOSITS | 12,237,376 |
| TOTAL LIABILITIES | 12,268,222 |
| Regular Reserve | 0 |
| Other Reserves | 182,984 |
| Undivided Earnings | 2,245,696 |
| TOTAL EQUITY | 2,428,680 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,696,902 |
| INCOME & EXPENSE | |
| Loan Income | 375,995 |
| Investment Income | 139,412 |
| Other Income | 3,799 |
| Total Employee Compensation & Benefits | 158,503 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 120,937 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 94,006 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 145,760 |
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