Jun, 30, 2024 — CELCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NARROWS, VA with 2 branch locations and about $143.06 million in total assets. Opened 69 years ago in 1956, CELCO COMMUNITY FEDERAL CREDIT UNION has about 6,677 members and employs 22 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 NARROWS, VA 24124 |
| Phone: | (540) 921-2700 |
| Fax: | (540) 921-4653 |
| Website: | https://www.celcofcu.org |
| Branches: | 2 branch locations |
| Members: | 6,677 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $143,061,228 |
| CEO/Manager: | DEAN M MARSHALL |
| Chairperson: | JEFFREY L MORRIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,353,606 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,493,042 |
| Unsecured Loans | 5,287,473 |
| Other Loans | 18,041,254 |
| TOTAL LOANS | 54,502,199 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,414 |
| Land And Building | 408,686 |
| Other Fixed Assets | 173,517 |
| NCUSIF Deposit | 1,081,379 |
| All Other Assets | 0 |
| TOTAL ASSETS | 143,061,228 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,820 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 160,375 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,835,538 |
| Regular shares | 98,803,111 |
| All Other Shares & Deposits | 4,400,604 |
| TOTAL SHARES & DEPOSITS | 121,039,253 |
| TOTAL LIABILITIES | 121,271,448 |
| Regular Reserve | 0 |
| Other Reserves | 3,777,116 |
| Undivided Earnings | 18,012,664 |
| TOTAL EQUITY | 21,789,780 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 143,061,228 |
| INCOME & EXPENSE | |
| Loan Income | 2,016,303 |
| Investment Income | 660,209 |
| Other Income | 778,503 |
| Total Employee Compensation & Benefits | 1,494,591 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,257,556 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,167 |
| Cost of Funds | 159,913 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 815,586 |
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