Dec, 31, 2023 — CELCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NARROWS, VA with 3 branch locations and about $137.53 million in total assets. Opened 68 years ago in 1956, CELCO COMMUNITY FEDERAL CREDIT UNION has about 6,839 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CELCO COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 3381 VIRGINIA AVE NARROWS, VA 24124 |
Phone: | (540) 921-2700 |
Fax: | (540) 921-4653 |
Website: | https://www.celcofcu.org |
Branches: | 3 branch locations |
Members: | 6,839 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11254 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $137,528,185 |
CEO/Manager: | DEAN M MARSHALL |
Chairperson: | JEFFREY L MORRIS |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,349,097 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,101,519 |
Unsecured Loans | 5,842,458 |
Other Loans | 26,562,181 |
TOTAL LOANS | 73,103,286 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -733,575 |
Land And Building | 1,178,787 |
Other Fixed Assets | 181,433 |
NCUSIF Deposit | 1,100,774 |
All Other Assets | 54,419 |
TOTAL ASSETS | 137,528,185 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,287,217 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,786,326 |
Regular shares | 91,153,509 |
All Other Shares & Deposits | 3,883,359 |
TOTAL SHARES & DEPOSITS | 111,823,194 |
TOTAL LIABILITIES | 114,110,411 |
Regular Reserve | 0 |
Other Reserves | -2,498,316 |
Undivided Earnings | 25,916,090 |
TOTAL EQUITY | 23,417,774 |
TOTAL LIABILITIES, SHARES, & EQUITY | 137,528,185 |
INCOME & EXPENSE | |
Loan Income | 3,458,114 |
Investment Income | 1,338,856 |
Other Income | 1,118,855 |
Total Employee Compensation & Benefits | 2,116,996 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,937,096 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 555,725 |
Cost of Funds | 665,249 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 810,969 |
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» See also Statement of Financial Condition