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SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHARLESTON, WV with 1 branch location and about $15.40 million in total assets. Opened 59 years ago in 1965, SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION has about 1,233 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
515 3rd Ave Ste 200
SOUTH CHARLESTON, WV 25303
Phone:(304) 720-5600
Fax:(304) 720-5401
Website:n/a
Branches:1 branch locations
Members:1,233
Credit Union Type:Federal Credit Union
Charter Number:16989
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1965
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$15,403,311
CEO/Manager:James P Hsu
Chairperson:Ted Schuda

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 945,468
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 436,031
 Unsecured Loans 779,989
 Other Loans 3,511,824
 TOTAL LOANS 4,727,844
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,976
 Land And Building 0
 Other Fixed Assets 14
 NCUSIF Deposit 75,828
 All Other Assets 0
  TOTAL ASSETS 15,403,311
LIABILITIES & CAPITAL:  
 Dividends Payable 23,270
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,731
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,972,047
 All Other Shares & Deposits 1,134,000
  TOTAL SHARES & DEPOSITS 7,106,047
  TOTAL LIABILITIES 7,136,048
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 8,267,263
  TOTAL EQUITY 8,267,263
  TOTAL LIABILITIES, SHARES, & EQUITY 15,403,311
INCOME & EXPENSE  
 Loan Income 263,493
 Investment Income 233,979
 Other Income 0
 Total Employee Compensation & Benefits 134,313
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 263,377
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,500
 Cost of Funds 47,478
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,894
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