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CHARLESTON FEDERAL CREDIT UNION

Dec, 31, 2021 — CHARLESTON FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $13.11 million in total assets. Opened 63 years ago in 1959, CHARLESTON FEDERAL CREDIT UNION has about 1,313 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:1,313
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:May 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$13,107,235
CEO/Manager:LEON KNAPP
Chairperson:RUDY O'DELL

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,962,445
TOTAL INVESTMENTS 3,518,115
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,726,842
 Other Loans 3,858,762
 TOTAL LOANS 5,585,604
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -91,507
 Land And Building 0
 Other Fixed Assets 18
 NCUSIF Deposit 110,216
 All Other Assets 22,344
  TOTAL ASSETS 13,107,235
LIABILITIES & CAPITAL:  
 Dividends Payable 4,486
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,577
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 881,331
 Regular shares 8,776,804
 All Other Shares & Deposits 2,059,744
  TOTAL SHARES & DEPOSITS 11,717,879
  TOTAL LIABILITIES 11,726,942
 Regular Reserve 110,509
 Other Reserves 0
 Undivided Earnings 1,269,784
  TOTAL EQUITY 1,380,293
  TOTAL LIABILITIES, SHARES, & EQUITY 13,107,235
INCOME & EXPENSE  
 Loan Income 337,429
 Investment Income 19,862
 Other Income 8,423
 Total Employee Compensation & Benefits 142,033
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 96,461
 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 21,612
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 49,314
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