Sep, 30, 2025 — ROMNEY FEDERAL CREDIT UNION is a federal credit union headquartered in ROMNEY, WV with 1 branch location and about $14.12 million in total assets. Opened 71 years ago in 1955, ROMNEY FEDERAL CREDIT UNION has about 1,587 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: | ROMNEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 62 W Main St ROMNEY, WV 26757-1638 |
| Phone: | (304) 822-3116 |
| Fax: | (304) 822-3116 |
| Website: | https://www.romneyfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,587 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10301 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Nov 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,115,893 |
| CEO/Manager: | Beth R McDonald |
| Chairperson: | Douglas B Cowgill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,683,384 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,317,728 |
| Other Loans | 9,690,799 |
| TOTAL LOANS | 11,008,527 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,420 |
| Land And Building | 169,748 |
| Other Fixed Assets | 6,002 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 119,657 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,115,893 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,794 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,148 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 557,369 |
| Regular shares | 4,405,955 |
| All Other Shares & Deposits | 7,850,328 |
| TOTAL SHARES & DEPOSITS | 12,813,653 |
| TOTAL LIABILITIES | 12,818,595 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,297,298 |
| TOTAL EQUITY | 1,297,298 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,115,893 |
| INCOME & EXPENSE | |
| Loan Income | 577,109 |
| Investment Income | 41,738 |
| Other Income | 49,215 |
| Total Employee Compensation & Benefits | 174,492 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 137,213 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
| Cost of Funds | 206,557 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 142,701 |
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