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 |
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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 |
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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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $122,075,838 |
CEO/Manager: | DEAN M MARSHALL |
Chairperson: | JEFFREY L MORRIS |
ASSETS: | $ Amount |
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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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