Dec, 31, 2023 — CABWAY TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $5.35 million in total assets. Opened 69 years ago in 1955, CABWAY TELCO FEDERAL CREDIT UNION has about 364 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CABWAY TELCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1135 6th Ave HUNTINGTON, WV 25701 |
| Phone: | (304) 522-7752 |
| Fax: | (304) 522-6480 |
| Website: | https://www.cabwaytelcofcu.org |
| Branches: | 1 branch locations |
| Members: | 364 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10449 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,349,612 |
| CEO/Manager: | Cheryl Sullivan |
| Chairperson: | Bill Taylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 113,486 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 529,656 |
| Other Loans | 1,632,679 |
| TOTAL LOANS | 2,162,335 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,363 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 41,211 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,349,612 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 74,201 |
| Notes & Interest Payable | 145,536 |
| Accounts Payable & Other Liabilities | -52,631 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,156 |
| Regular shares | 1,050,574 |
| All Other Shares & Deposits | 2,609,235 |
| TOTAL SHARES & DEPOSITS | 3,736,965 |
| TOTAL LIABILITIES | 3,904,071 |
| Regular Reserve | 0 |
| Other Reserves | 170,070 |
| Undivided Earnings | 1,275,471 |
| TOTAL EQUITY | 1,445,541 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,349,612 |
| INCOME & EXPENSE | |
| Loan Income | 174,374 |
| Investment Income | 79,970 |
| Other Income | 5,900 |
| Total Employee Compensation & Benefits | 64,622 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 70,401 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,291 |
| Cost of Funds | 98,852 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 22,078 |
| ↑ Back to Top | |