Dec, 31, 2020 — CHARTWAY FEDERAL CREDIT UNION is a federal credit union headquartered in Virginia Beach, VA with 37 branch locations and about $2.38 billion in total assets. Opened 62 years ago in 1959, CHARTWAY FEDERAL CREDIT UNION has about 190,272 members and employs 534 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHARTWAY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 5700 Cleveland St Virginia Beach, VA 23462-1752 |
Phone: | (757) 552-1000 |
Fax: | (757) 497-0158 |
Website: | https://www.chartway.com |
Branches: | 37 branch locations |
Members: | 190,272 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13242 |
---|---|
Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,383,470,787 |
CEO/Manager: | Brian T Schools |
Chairperson: | George Sauer |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 358,458,321 |
TOTAL INVESTMENTS | 224,817,320 |
Loans Held for Sale | 11,941,036 |
Real Estate Loans | 298,887,261 |
Unsecured Loans | 140,043,478 |
Other Loans | 1,077,130,509 |
TOTAL LOANS | 1,564,482,719 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,869,572 |
Land And Building | 39,215,301 |
Other Fixed Assets | 13,170,649 |
NCUSIF Deposit | 20,062,871 |
All Other Assets | 172,192,142 |
TOTAL ASSETS | 2,383,470,787 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14,576 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 23,802,387 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 561,624,393 |
Regular shares | 652,227,466 |
All Other Shares & Deposits | 931,560,462 |
TOTAL SHARES & DEPOSITS | 2,145,412,321 |
TOTAL LIABILITIES | 2,169,229,284 |
Regular Reserve | 18,529,735 |
Other Reserves | 25,675,022 |
Undivided Earnings | 170,036,746 |
TOTAL EQUITY | 214,241,503 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,383,470,787 |
INCOME & EXPENSE | |
Loan Income | 72,636,415 |
Investment Income | 3,343,549 |
Other Income | 22,831,417 |
Total Employee Compensation & Benefits | 36,740,249 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 38,368,929 |
Non-operating Income & (Expense) | 7,911,949 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,047,492 |
Cost of Funds | 13,536,271 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,030,389 |
↑ Back to Top |