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FAYETTE FEDERAL CREDIT UNION

Dec, 31, 2020 — FAYETTE FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNT HOPE, WV with 1 branch location and about $8.64 million in total assets. Opened 63 years ago in 1958, FAYETTE FEDERAL CREDIT UNION has about 812 members and employs 3 full and part-time employees 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:812
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:Oct 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$8,639,576
CEO/Manager:Gail L Morgan
Chairperson:Joseph Robertson

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,441,478
TOTAL INVESTMENTS 4,277,581
Loans Held for Sale 0
 
 Real Estate Loans 48,222
 Unsecured Loans 243,398
 Other Loans 2,443,918
 TOTAL LOANS 2,735,538
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,326
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 65,423
 All Other Assets 143,882
  TOTAL ASSETS 8,639,576
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,389
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 87,804
 Regular shares 6,339,819
 All Other Shares & Deposits 433,445
  TOTAL SHARES & DEPOSITS 6,861,068
  TOTAL LIABILITIES 6,866,457
 Regular Reserve 233,932
 Other Reserves 0
 Undivided Earnings 1,539,187
  TOTAL EQUITY 1,773,119
  TOTAL LIABILITIES, SHARES, & EQUITY 8,639,576
INCOME & EXPENSE  
 Loan Income 130,343
 Investment Income 103,245
 Other Income 6,756
 Total Employee Compensation & Benefits 100,228
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 115,680
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,600
 Cost of Funds 13,765
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,071
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