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CHARLESTON FEDERAL CREDIT UNION

Dec, 31, 2020 — CHARLESTON FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $12.36 million in total assets. Opened 62 years ago in 1959, CHARLESTON FEDERAL CREDIT UNION has about 1,305 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:http://cfcuwv.virtualcu.net
Branches:1 branch locations
Members:1,305
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:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,358,321
CEO/Manager:LEON KNAPP
Chairperson:RUDY O'DELL

Call Report

  • Overdraft Protection
  • Refund Anticipation Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,872,222
TOTAL INVESTMENTS 790,115
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,757,559
 Other Loans 3,905,597
 TOTAL LOANS 5,663,156
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -61,381
 Land And Building 0
 Other Fixed Assets 2,822
 NCUSIF Deposit 91,387
 All Other Assets 0
  TOTAL ASSETS 12,358,321
LIABILITIES & CAPITAL:  
 Dividends Payable 4,062
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,674
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 834,562
 Regular shares 8,195,308
 All Other Shares & Deposits 1,991,736
  TOTAL SHARES & DEPOSITS 11,021,606
  TOTAL LIABILITIES 11,027,342
 Regular Reserve 110,509
 Other Reserves 0
 Undivided Earnings 1,220,470
  TOTAL EQUITY 1,330,979
  TOTAL LIABILITIES, SHARES, & EQUITY 12,358,321
INCOME & EXPENSE  
 Loan Income 345,438
 Investment Income 39,600
 Other Income 10,189
 Total Employee Compensation & Benefits 136,903
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 95,024
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 60,000
 Cost of Funds 31,991
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 71,309
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