Dec, 31, 2021 — MORGANTOWN A E S FEDERAL CREDIT UNION is a federal credit union headquartered in MORGANTOWN, WV with 2 branch locations and about $49.55 million in total assets. Opened 67 years ago in 1955, MORGANTOWN A E S FEDERAL CREDIT UNION has about 4,597 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: | 4,597 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,546,100 |
| CEO/Manager: | Vicki L Moore |
| Chairperson: | Georganne St.Clair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,926,010 |
| TOTAL INVESTMENTS | 6,438,085 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,925,827 |
| Unsecured Loans | 1,501,595 |
| Other Loans | 13,475,322 |
| TOTAL LOANS | 21,902,744 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,591 |
| Land And Building | 2,033,458 |
| Other Fixed Assets | 92,086 |
| NCUSIF Deposit | 460,849 |
| All Other Assets | 2,724,459 |
| TOTAL ASSETS | 49,546,100 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 31,355 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,255,683 |
| Regular shares | 34,309,546 |
| All Other Shares & Deposits | 2,694,899 |
| TOTAL SHARES & DEPOSITS | 46,260,128 |
| TOTAL LIABILITIES | 46,291,483 |
| Regular Reserve | 1,340,251 |
| Other Reserves | 0 |
| Undivided Earnings | 1,914,366 |
| TOTAL EQUITY | 3,254,617 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,546,100 |
| INCOME & EXPENSE | |
| Loan Income | 941,838 |
| Investment Income | 55,693 |
| Other Income | 90,430 |
| Total Employee Compensation & Benefits | 709,495 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 679,318 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,590 |
| Cost of Funds | 128,643 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -147,558 |
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