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MORGANTOWN A E S FEDERAL CREDIT UNION

Mar, 31, 2021 — MORGANTOWN A E S FEDERAL CREDIT UNION is a federal credit union headquartered in Morgantown, WV with 2 branch locations and about $51.91 million in total assets. Opened 66 years ago in 1955, MORGANTOWN A E S FEDERAL CREDIT UNION has about 4,665 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MORGANTOWN A E S FEDERAL CREDIT UNION
Address:
(Main Office)
1133 Van Voorhis Rd
Morgantown, WV 26505
Phone:(304) 599-9600
Fax:(304) 599-1300
Website:http://www.aesfcu.com
Branches:2 branch locations
Members:4,665
Credit Union Type:Federal Credit Union
Charter Number:10695
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$51,908,064
CEO/Manager:Michael K Gillespie
Chairperson:Georganne St.Clair

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,093,187
TOTAL INVESTMENTS 4,652,876
Loans Held for Sale 0
 
 Real Estate Loans 7,893,993
 Unsecured Loans 1,776,886
 Other Loans 14,273,511
 TOTAL LOANS 23,944,390
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,588
 Land And Building 2,058,070
 Other Fixed Assets 113,803
 NCUSIF Deposit 407,233
 All Other Assets 2,671,093
  TOTAL ASSETS 51,908,064
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 28,787
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,502,236
 Regular shares 32,930,000
 All Other Shares & Deposits 6,045,543
  TOTAL SHARES & DEPOSITS 48,477,779
  TOTAL LIABILITIES 48,506,566
 Regular Reserve 1,340,251
 Other Reserves 0
 Undivided Earnings 2,061,247
  TOTAL EQUITY 3,401,498
  TOTAL LIABILITIES, SHARES, & EQUITY 51,908,064
INCOME & EXPENSE  
 Loan Income 249,121
 Investment Income 18,164
 Other Income 20,949
 Total Employee Compensation & Benefits 154,411
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 170,488
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -3,950
 Cost of Funds 41,718
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -677
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