Dec, 31, 2022 — CABWAY TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $5.68 million in total assets. Opened 68 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: | https://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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,677,148 |
| CEO/Manager: | Cheryl Sullivan |
| Chairperson: | Carol S Damron |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 432,461 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 471,943 |
| Other Loans | 1,498,280 |
| TOTAL LOANS | 1,970,223 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,206 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 34,953 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,677,148 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,180 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,761 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 56,902 |
| Regular shares | 1,722,235 |
| All Other Shares & Deposits | 2,456,646 |
| TOTAL SHARES & DEPOSITS | 4,235,783 |
| TOTAL LIABILITIES | 4,263,724 |
| Regular Reserve | 0 |
| Other Reserves | 170,070 |
| Undivided Earnings | 1,243,354 |
| TOTAL EQUITY | 1,413,424 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,677,148 |
| INCOME & EXPENSE | |
| Loan Income | 117,259 |
| Investment Income | 37,962 |
| Other Income | 4,074 |
| Total Employee Compensation & Benefits | 51,900 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 46,235 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,650 |
| Cost of Funds | 22,933 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 34,577 |
| ↑ Back to Top | |