Dec, 31, 2020 — CITY OF CLARKSBURG FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 1 branch location and about $11.26 million in total assets. Opened 61 years ago in 1960, CITY OF CLARKSBURG FEDERAL CREDIT UNION has about 975 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: | 975 |
| 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: | $11,263,552 |
| CEO/Manager: | CAROLE ARNETT |
| Chairperson: | RANDY WAUGAMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,801,361 |
| TOTAL INVESTMENTS | 1,488,351 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 563,952 |
| Other Loans | 4,689,725 |
| TOTAL LOANS | 5,253,677 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,247 |
| Land And Building | 695,122 |
| Other Fixed Assets | 5,597 |
| NCUSIF Deposit | 91,875 |
| All Other Assets | 8,816 |
| TOTAL ASSETS | 11,263,552 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,237 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,002,998 |
| All Other Shares & Deposits | 2,994,952 |
| TOTAL SHARES & DEPOSITS | 9,997,950 |
| TOTAL LIABILITIES | 10,003,187 |
| Regular Reserve | 201,458 |
| Other Reserves | 0 |
| Undivided Earnings | 1,058,907 |
| TOTAL EQUITY | 1,260,365 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,263,552 |
| INCOME & EXPENSE | |
| Loan Income | 316,126 |
| Investment Income | 20,404 |
| Other Income | 3,446 |
| Total Employee Compensation & Benefits | 134,502 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 94,563 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 154,798 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -43,887 |
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