Dec, 31, 2021 — KEMBA CHARLESTON FEDERAL CREDIT UNION is a federal credit union headquartered in DUNBAR, WV with 1 branch location and about $44.30 million in total assets. Opened 87 years ago in 1935, KEMBA CHARLESTON FEDERAL CREDIT UNION has about 4,092 members and employs 9 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: | http://kembacharlestonfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,092 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 108 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Nov 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $44,301,614 |
| CEO/Manager: | Joetta S Heck |
| Chairperson: | Roy Combs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,843,596 |
| TOTAL INVESTMENTS | 26,428,543 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,086,249 |
| Unsecured Loans | 825,492 |
| Other Loans | 10,990,629 |
| TOTAL LOANS | 14,902,370 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -203,930 |
| Land And Building | 604,760 |
| Other Fixed Assets | 38,106 |
| NCUSIF Deposit | 316,710 |
| All Other Assets | 371,459 |
| TOTAL ASSETS | 44,301,614 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 169,164 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 357,097 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,206,807 |
| Regular shares | 13,571,194 |
| All Other Shares & Deposits | 17,617,977 |
| TOTAL SHARES & DEPOSITS | 35,395,978 |
| TOTAL LIABILITIES | 35,922,239 |
| Regular Reserve | 826,246 |
| Other Reserves | 4,880 |
| Undivided Earnings | 7,548,249 |
| TOTAL EQUITY | 8,379,375 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,301,614 |
| INCOME & EXPENSE | |
| Loan Income | 774,533 |
| Investment Income | 453,340 |
| Other Income | 53,792 |
| Total Employee Compensation & Benefits | 578,819 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 533,882 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 100,631 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 74,394 |
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