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MORGANTOWN A E S FEDERAL CREDIT UNION

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

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 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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