Dec, 31, 2020 — CELCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NARROWS, VA with 2 branch locations and about $122.08 million in total assets. Opened 65 years ago in 1956, CELCO COMMUNITY FEDERAL CREDIT UNION has about 6,960 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: | 6,960 |
| 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: | $122,075,838 |
| CEO/Manager: | DEAN M MARSHALL |
| Chairperson: | JEFFREY L MORRIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,801,313 |
| TOTAL INVESTMENTS | 32,845,256 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,047,198 |
| Unsecured Loans | 5,510,984 |
| Other Loans | 18,251,427 |
| TOTAL LOANS | 57,270,177 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,341 |
| Land And Building | 415,009 |
| Other Fixed Assets | 205,614 |
| NCUSIF Deposit | 928,576 |
| All Other Assets | 9,770,234 |
| TOTAL ASSETS | 122,075,838 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60,419 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 207,266 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,350,608 |
| Regular shares | 82,455,994 |
| All Other Shares & Deposits | 5,069,752 |
| TOTAL SHARES & DEPOSITS | 101,876,354 |
| TOTAL LIABILITIES | 102,144,039 |
| Regular Reserve | 6,831,012 |
| Other Reserves | -3,476,327 |
| Undivided Earnings | 16,577,114 |
| TOTAL EQUITY | 19,931,799 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,075,838 |
| INCOME & EXPENSE | |
| Loan Income | 2,981,929 |
| Investment Income | 545,712 |
| Other Income | 899,107 |
| Total Employee Compensation & Benefits | 2,061,717 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,578,021 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,308 |
| Cost of Funds | 260,103 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 530,215 |
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