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CABWAY TELCO FEDERAL CREDIT UNION

Mar, 31, 2021 — CABWAY TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $5.13 million in total assets. Opened 66 years ago in 1955, CABWAY TELCO FEDERAL CREDIT UNION has about 370 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:http://www.cabwaytelcofcu.org
Branches:1 branch locations
Members:370
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,127,510
CEO/Manager:Cheryl Sullivan
Chairperson:Carol S Damron

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 559,759
TOTAL INVESTMENTS 2,498,870
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 455,767
 Other Loans 1,575,181
 TOTAL LOANS 2,030,948
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,843
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 34,006
 All Other Assets 20,770
  TOTAL ASSETS 5,127,510
LIABILITIES & CAPITAL:  
 Dividends Payable 16,192
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,755
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 31,091
 Regular shares 1,998,599
 All Other Shares & Deposits 1,719,711
  TOTAL SHARES & DEPOSITS 3,749,401
  TOTAL LIABILITIES 3,768,348
 Regular Reserve 170,070
 Other Reserves 0
 Undivided Earnings 1,189,092
  TOTAL EQUITY 1,359,162
  TOTAL LIABILITIES, SHARES, & EQUITY 5,127,510
INCOME & EXPENSE  
 Loan Income 39,803
 Investment Income 6,751
 Other Income 1,196
 Total Employee Compensation & Benefits 16,918
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,025
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -27,572
 Cost of Funds 9,789
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 36,590
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