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CABWAY TELCO FEDERAL CREDIT UNION

Dec, 31, 2021 — CABWAY TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $5.33 million in total assets. Opened 67 years ago in 1955, CABWAY TELCO FEDERAL CREDIT UNION has about 379 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:379
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,327,976
CEO/Manager:Cheryl Sullivan
Chairperson:Carol S Damron

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 340,505
TOTAL INVESTMENTS 3,000,012
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 460,587
 Other Loans 1,476,879
 TOTAL LOANS 1,937,466
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,556
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 34,953
 All Other Assets 22,596
  TOTAL ASSETS 5,327,976
LIABILITIES & CAPITAL:  
 Dividends Payable 15,573
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,020
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 44,223
 Regular shares 2,143,263
 All Other Shares & Deposits 1,737,644
  TOTAL SHARES & DEPOSITS 3,925,130
  TOTAL LIABILITIES 3,944,723
 Regular Reserve 170,070
 Other Reserves 0
 Undivided Earnings 1,213,183
  TOTAL EQUITY 1,383,253
  TOTAL LIABILITIES, SHARES, & EQUITY 5,327,976
INCOME & EXPENSE  
 Loan Income 161,567
 Investment Income 31,063
 Other Income 3,677
 Total Employee Compensation & Benefits 69,996
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 49,287
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -17,572
 Cost of Funds 33,907
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 60,689
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