Dec, 31, 2023 — KEMBA CHARLESTON FEDERAL CREDIT UNION is a federal credit union headquartered in DUNBAR, WV with 1 branch location and about $45.08 million in total assets. Opened 89 years ago in 1935, KEMBA CHARLESTON FEDERAL CREDIT UNION has about 3,698 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: | KEMBA CHARLESTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1830 Roxalana Rd DUNBAR, WV 25064-2705 |
| Phone: | (304) 768-5700 |
| Fax: | (304) 768-5899 |
| Website: | https://kembacharlestonfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,698 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 108 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,084,721 |
| CEO/Manager: | Joetta S Heck |
| Chairperson: | Calvin Holden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,618,975 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,477,332 |
| Unsecured Loans | 848,158 |
| Other Loans | 14,498,939 |
| TOTAL LOANS | 17,824,429 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -222,275 |
| Land And Building | 534,856 |
| Other Fixed Assets | 29,550 |
| NCUSIF Deposit | 365,824 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,084,721 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 282,986 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 491,252 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,856,384 |
| Regular shares | 13,397,745 |
| All Other Shares & Deposits | 17,581,721 |
| TOTAL SHARES & DEPOSITS | 35,835,850 |
| TOTAL LIABILITIES | 36,610,088 |
| Regular Reserve | 0 |
| Other Reserves | 833,047 |
| Undivided Earnings | 7,641,586 |
| TOTAL EQUITY | 8,474,633 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,084,721 |
| INCOME & EXPENSE | |
| Loan Income | 854,339 |
| Investment Income | 526,433 |
| Other Income | 66,782 |
| Total Employee Compensation & Benefits | 610,942 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 540,309 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,040 |
| Cost of Funds | 226,484 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 72,783 |
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» See also Statement of Financial Condition