Dec, 31, 2023 — STRIP STEEL COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WEIRTON, WV with 1 branch location and about $51.27 million in total assets. Opened 71 years ago in 1953, STRIP STEEL COMMUNITY FEDERAL CREDIT UNION has about 3,535 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STRIP STEEL COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3316 MAIN St WEIRTON, WV 26062-4704 |
| Phone: | (304) 748-6622 |
| Fax: | (304) 748-4551 |
| Website: | https://stripsteelcfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,535 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8418 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,267,007 |
| CEO/Manager: | RONALD M KOMOROWSKI JR |
| Chairperson: | JOHN STOICA |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,672,241 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,872,871 |
| Unsecured Loans | 1,829,981 |
| Other Loans | 19,615,911 |
| TOTAL LOANS | 24,318,763 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,635 |
| Land And Building | 319,242 |
| Other Fixed Assets | 208,940 |
| NCUSIF Deposit | 409,551 |
| All Other Assets | 0 |
| TOTAL ASSETS | 51,267,007 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -24,006 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,348,223 |
| Regular shares | 29,406,291 |
| All Other Shares & Deposits | 6,700,337 |
| TOTAL SHARES & DEPOSITS | 41,454,851 |
| TOTAL LIABILITIES | 41,430,845 |
| Regular Reserve | 0 |
| Other Reserves | 4,044,851 |
| Undivided Earnings | 5,791,311 |
| TOTAL EQUITY | 9,836,162 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,267,007 |
| INCOME & EXPENSE | |
| Loan Income | 915,502 |
| Investment Income | 210,579 |
| Other Income | 19,971 |
| Total Employee Compensation & Benefits | 609,248 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 595,473 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 46,526 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,643 |
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