Mar, 31, 2022 — CELCO COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in NARROWS, VA with 2 branch locations and about $139.28 million in total assets. Opened 66 years ago in 1956, CELCO COMMUNITY FEDERAL CREDIT UNION has about 6,722 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: | http://www.celcofcu.org |
| Branches: | 2 branch locations |
| Members: | 6,722 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $139,276,475 |
| CEO/Manager: | DEAN M MARSHALL |
| Chairperson: | JEFFREY L MORRIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,159,276 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,588,219 |
| Unsecured Loans | 5,085,015 |
| Other Loans | 16,536,148 |
| TOTAL LOANS | 51,948,057 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,812 |
| Land And Building | 410,782 |
| Other Fixed Assets | 140,326 |
| NCUSIF Deposit | 1,051,653 |
| All Other Assets | 0 |
| TOTAL ASSETS | 139,276,475 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 43,740 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 105,126 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,927,658 |
| Regular shares | 95,368,738 |
| All Other Shares & Deposits | 4,725,941 |
| TOTAL SHARES & DEPOSITS | 118,022,337 |
| TOTAL LIABILITIES | 118,171,203 |
| Regular Reserve | 0 |
| Other Reserves | 3,777,116 |
| Undivided Earnings | 17,328,156 |
| TOTAL EQUITY | 21,105,272 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 139,276,475 |
| INCOME & EXPENSE | |
| Loan Income | 654,870 |
| Investment Income | 144,920 |
| Other Income | 238,514 |
| Total Employee Compensation & Benefits | 460,414 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 443,568 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -11,408 |
| Cost of Funds | 43,739 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 131,078 |
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