Dec, 31, 2022 — MORGANTOWN A E S FEDERAL CREDIT UNION is a federal credit union headquartered in MORGANTOWN, WV with 2 branch locations and about $47.89 million in total assets. Opened 68 years ago in 1955, MORGANTOWN A E S FEDERAL CREDIT UNION has about 4,515 members and employs 7 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: | https://www.aesfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,515 |
| 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: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $47,890,597 |
| CEO/Manager: | Vicki L Moore |
| Chairperson: | Georganne St.Clair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,339,825 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,381,988 |
| Unsecured Loans | 1,335,498 |
| Other Loans | 12,939,714 |
| TOTAL LOANS | 20,742,482 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,988 |
| Land And Building | 2,008,846 |
| Other Fixed Assets | 81,872 |
| NCUSIF Deposit | 453,385 |
| All Other Assets | 0 |
| TOTAL ASSETS | 47,890,597 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,956 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,162 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,474,203 |
| Regular shares | 34,352,098 |
| All Other Shares & Deposits | 884,392 |
| TOTAL SHARES & DEPOSITS | 44,710,693 |
| TOTAL LIABILITIES | 44,772,811 |
| Regular Reserve | 0 |
| Other Reserves | 1,340,251 |
| Undivided Earnings | 1,777,535 |
| TOTAL EQUITY | 3,117,786 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 47,890,597 |
| INCOME & EXPENSE | |
| Loan Income | 619,644 |
| Investment Income | 140,819 |
| Other Income | 75,356 |
| Total Employee Compensation & Benefits | 628,002 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 534,440 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -702 |
| Cost of Funds | 46,719 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -136,831 |
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