Dec, 31, 2021 — WV NATIONAL GUARD FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $50.63 million in total assets. Opened 63 years ago in 1959, WV NATIONAL GUARD FEDERAL CREDIT UNION has about 1,896 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WV NATIONAL GUARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1512 Coonskin Dr CHARLESTON, WV 25311-1022 |
| Phone: | (304) 342-2422 |
| Fax: | (394) 342-3364 |
| Website: | http://wvngfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,896 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12938 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,630,764 |
| CEO/Manager: | Emily N Green |
| Chairperson: | Billy E King |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,773,132 |
| TOTAL INVESTMENTS | 28,420,710 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,627,171 |
| Unsecured Loans | 1,090,646 |
| Other Loans | 16,911,030 |
| TOTAL LOANS | 19,628,847 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -242,938 |
| Land And Building | 521,490 |
| Other Fixed Assets | 42,511 |
| NCUSIF Deposit | 362,275 |
| All Other Assets | 124,737 |
| TOTAL ASSETS | 50,630,764 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 132,852 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,813,097 |
| Regular shares | 12,977,989 |
| All Other Shares & Deposits | 29,327,768 |
| TOTAL SHARES & DEPOSITS | 44,118,854 |
| TOTAL LIABILITIES | 44,251,706 |
| Regular Reserve | 907,364 |
| Other Reserves | 0 |
| Undivided Earnings | 5,471,694 |
| TOTAL EQUITY | 6,379,058 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,630,764 |
| INCOME & EXPENSE | |
| Loan Income | 722,167 |
| Investment Income | 445,541 |
| Other Income | 35,685 |
| Total Employee Compensation & Benefits | 340,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 412,817 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 354,792 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 227,566 |
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