Sep, 30, 2025 — CHARLESTON FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $14.47 million in total assets. Opened 67 years ago in 1959, CHARLESTON FEDERAL CREDIT UNION has about 1,240 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHARLESTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 300 VIRGINIA ST E RM 4203 CHARLESTON, WV 25301-2513 |
| Phone: | (304) 347-3393 |
| Fax: | (304) 347-3396 |
| Website: | https://www.cfcuwv.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 1,240 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12922 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,474,545 |
| CEO/Manager: | LEON KNAPP |
| Chairperson: | RUDY O'DELL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 541,985 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,811,246 |
| Other Loans | 7,856,202 |
| TOTAL LOANS | 9,667,448 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -115,992 |
| Land And Building | 0 |
| Other Fixed Assets | 18 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 118,134 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,474,545 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,170 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,299 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 733,191 |
| Regular shares | 6,558,112 |
| All Other Shares & Deposits | 5,058,063 |
| TOTAL SHARES & DEPOSITS | 12,349,365 |
| TOTAL LIABILITIES | 12,358,834 |
| Regular Reserve | 0 |
| Other Reserves | 110,509 |
| Undivided Earnings | 2,005,202 |
| TOTAL EQUITY | 2,115,711 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,474,545 |
| INCOME & EXPENSE | |
| Loan Income | 412,622 |
| Investment Income | 135,966 |
| Other Income | 9,198 |
| Total Employee Compensation & Benefits | 116,155 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 114,499 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000 |
| Cost of Funds | 131,038 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 201,170 |
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