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CABWAY TELCO FEDERAL CREDIT UNION

Sep, 30, 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

Call Report

Financial Summary

» See also Statement of Financial Condition
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
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