Dec, 31, 2020 — MORGANTOWN A E S FEDERAL CREDIT UNION is a federal credit union headquartered in Morgantown, WV with 2 branch locations and about $49.80 million in total assets. Opened 66 years ago in 1955, MORGANTOWN A E S FEDERAL CREDIT UNION has about 4,701 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: | 4,701 |
| 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: | $49,795,845 |
| CEO/Manager: | Michael K Gillespie |
| Chairperson: | Georganne St.Clair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,223,021 |
| TOTAL INVESTMENTS | 5,101,784 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,359,514 |
| Unsecured Loans | 1,929,570 |
| Other Loans | 14,979,024 |
| TOTAL LOANS | 25,268,108 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,375 |
| Land And Building | 2,066,274 |
| Other Fixed Assets | 120,472 |
| NCUSIF Deposit | 407,233 |
| All Other Assets | 2,644,328 |
| TOTAL ASSETS | 49,795,845 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,042,009 |
| Regular shares | 31,218,557 |
| All Other Shares & Deposits | 6,103,354 |
| TOTAL SHARES & DEPOSITS | 46,363,920 |
| TOTAL LIABILITIES | 46,393,670 |
| Regular Reserve | 1,340,251 |
| Other Reserves | 0 |
| Undivided Earnings | 2,061,924 |
| TOTAL EQUITY | 3,402,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,795,845 |
| INCOME & EXPENSE | |
| Loan Income | 1,132,752 |
| Investment Income | 112,648 |
| Other Income | 366,461 |
| Total Employee Compensation & Benefits | 694,758 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 708,126 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -51,695 |
| Cost of Funds | 196,001 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,671 |
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