Jun, 30, 2021 — CITY OF CLARKSBURG FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 1 branch location and about $12.11 million in total assets. Opened 61 years ago in 1960, CITY OF CLARKSBURG FEDERAL CREDIT UNION has about 966 members 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: | 966 |
| 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: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,110,606 |
| CEO/Manager: | CAROLE ARNETT |
| Chairperson: | RANDY WAUGAMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,921,238 |
| TOTAL INVESTMENTS | 1,488,351 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 448,441 |
| Other Loans | 4,520,299 |
| TOTAL LOANS | 4,968,740 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,541 |
| Land And Building | 687,446 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 99,980 |
| All Other Assets | 15,392 |
| TOTAL ASSETS | 12,110,606 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,409 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,709,458 |
| All Other Shares & Deposits | 2,182,506 |
| TOTAL SHARES & DEPOSITS | 10,891,964 |
| TOTAL LIABILITIES | 10,902,373 |
| Regular Reserve | 201,458 |
| Other Reserves | 0 |
| Undivided Earnings | 1,006,775 |
| TOTAL EQUITY | 1,208,233 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,110,606 |
| INCOME & EXPENSE | |
| Loan Income | 145,043 |
| Investment Income | 5,079 |
| Other Income | 1 |
| Total Employee Compensation & Benefits | 64,880 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 48,314 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 90,627 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -52,132 |
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