Mar, 31, 2021 — CELCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NARROWS, VA with 2 branch locations and about $130.47 million in total assets. Opened 65 years ago in 1956, CELCO COMMUNITY FEDERAL CREDIT UNION has about 6,894 members and employs 24 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 |
|---|---|
| Address: (Main Office) | 3381 VIRGINIA AVE, PO BOX 361 NARROWS, VA 24124 |
| Phone: | (540) 921-2700 |
| Fax: | (540) 921-4653 |
| Website: | http://www.celcofcu.org |
| Branches: | 2 branch locations |
| Members: | 6,894 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11254 |
|---|---|
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $130,471,864 |
| CEO/Manager: | DEAN M MARSHALL |
| Chairperson: | JEFFREY L MORRIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,017,331 |
| TOTAL INVESTMENTS | 34,845,256 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,439,615 |
| Unsecured Loans | 5,147,633 |
| Other Loans | 17,799,458 |
| TOTAL LOANS | 55,616,520 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,215 |
| Land And Building | 410,299 |
| Other Fixed Assets | 191,241 |
| NCUSIF Deposit | 928,576 |
| All Other Assets | 9,613,856 |
| TOTAL ASSETS | 130,471,864 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,685 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 115,841 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,158,589 |
| Regular shares | 88,168,157 |
| All Other Shares & Deposits | 5,039,482 |
| TOTAL SHARES & DEPOSITS | 110,366,228 |
| TOTAL LIABILITIES | 110,518,754 |
| Regular Reserve | 6,831,012 |
| Other Reserves | -3,533,196 |
| Undivided Earnings | 16,655,294 |
| TOTAL EQUITY | 19,953,110 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 130,471,864 |
| INCOME & EXPENSE | |
| Loan Income | 686,655 |
| Investment Income | 97,895 |
| Other Income | 198,422 |
| Total Employee Compensation & Benefits | 516,091 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 394,995 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -13,669 |
| Cost of Funds | 36,725 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 78,181 |
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