Dec, 31, 2021 — CITY OF CLARKSBURG FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 1 branch location and about $11.86 million in total assets. Opened 62 years ago in 1960, CITY OF CLARKSBURG FEDERAL CREDIT UNION has about 962 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITY OF CLARKSBURG FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 S 4TH ST CLARKSBURG, WV 26301 |
| Phone: | (304) 624-1678 |
| Fax: | (304) 624-0984 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 962 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13426 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,862,952 |
| CEO/Manager: | CAROLE ARNETT |
| Chairperson: | RANDY WAUGAMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,081,878 |
| TOTAL INVESTMENTS | 1,492,091 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 440,033 |
| Other Loans | 4,108,329 |
| TOTAL LOANS | 4,548,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,591 |
| Land And Building | 679,771 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 99,980 |
| All Other Assets | 9,461 |
| TOTAL ASSETS | 11,862,952 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,652 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,770,467 |
| All Other Shares & Deposits | 942,307 |
| TOTAL SHARES & DEPOSITS | 10,712,774 |
| TOTAL LIABILITIES | 10,716,426 |
| Regular Reserve | 201,458 |
| Other Reserves | 0 |
| Undivided Earnings | 945,068 |
| TOTAL EQUITY | 1,146,526 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,862,952 |
| INCOME & EXPENSE | |
| Loan Income | 260,898 |
| Investment Income | 13,119 |
| Other Income | 1 |
| Total Employee Compensation & Benefits | 143,645 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 91,452 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 145,764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -113,838 |
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