Dec, 31, 2020 — ALDERSON FCI FEDERAL CREDIT UNION is a federal credit union headquartered in Alderson, WV with 2 branch locations and about $9.20 million in total assets. Opened 66 years ago in 1955, ALDERSON FCI FEDERAL CREDIT UNION has about 972 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALDERSON FCI FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P. O. Box A Alderson, WV 24910 |
| Phone: | (304) 445-3300 |
| Fax: | (304) 445-3363 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 972 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10520 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,196,380 |
| CEO/Manager: | Carolyn Browning |
| Chairperson: | Thomas C Harvey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,820,915 |
| TOTAL INVESTMENTS | 281,356 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 876,414 |
| Other Loans | 4,314,304 |
| TOTAL LOANS | 5,190,718 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -180,678 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 75,880 |
| All Other Assets | 8,189 |
| TOTAL ASSETS | 9,196,380 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31,273 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,497 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,945,315 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 7,945,315 |
| TOTAL LIABILITIES | 7,979,085 |
| Regular Reserve | 52,769 |
| Other Reserves | 0 |
| Undivided Earnings | 1,164,526 |
| TOTAL EQUITY | 1,217,295 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,196,380 |
| INCOME & EXPENSE | |
| Loan Income | 348,840 |
| Investment Income | 20,272 |
| Other Income | 1,419 |
| Total Employee Compensation & Benefits | 34,206 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,972 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 115,000 |
| Cost of Funds | 145,955 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,398 |
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