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FAYETTE FEDERAL CREDIT UNION

Jun, 30, 2021 — FAYETTE FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNT HOPE, WV with 1 branch location and about $8.91 million in total assets. Opened 63 years ago in 1958, FAYETTE FEDERAL CREDIT UNION has about 831 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:FAYETTE FEDERAL CREDIT UNION
Address:
(Main Office)
6058 ROBERT C BYRD DR
MOUNT HOPE, WV 25880-0106
Phone:(304) 877-5404
Fax:(304) 877-3002
Website:http://fayettefcu.virtualcu.net
Branches:1 branch locations
Members:831
Credit Union Type:Federal Credit Union
Charter Number:12310
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,911,156
CEO/Manager:Gail L Morgan
Chairperson:Joseph Robertson

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 568,040
TOTAL INVESTMENTS 5,147,581
Loans Held for Sale 0
 
 Real Estate Loans 42,764
 Unsecured Loans 244,170
 Other Loans 2,723,738
 TOTAL LOANS 3,010,672
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,126
 Land And Building 114,314
 Other Fixed Assets 7,367
 NCUSIF Deposit 68,611
 All Other Assets 20,697
  TOTAL ASSETS 8,911,156
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 7,107
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 86,779
 Regular shares 6,513,171
 All Other Shares & Deposits 523,290
  TOTAL SHARES & DEPOSITS 7,123,240
  TOTAL LIABILITIES 7,130,347
 Regular Reserve 233,932
 Other Reserves 0
 Undivided Earnings 1,546,877
  TOTAL EQUITY 1,780,809
  TOTAL LIABILITIES, SHARES, & EQUITY 8,911,156
INCOME & EXPENSE  
 Loan Income 70,084
 Investment Income 43,377
 Other Income 1,300
 Total Employee Compensation & Benefits 46,354
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 55,274
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,800
 Cost of Funds 5,757
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,689
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