Dec, 31, 2023 — WVU EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MORGANTOWN, WV with 1 branch location and about $56.51 million in total assets. Opened 63 years ago in 1961, WVU EMPLOYEES FEDERAL CREDIT UNION has about 5,621 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WVU EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 448 Harding Ave MORGANTOWN, WV 26505 |
Phone: | (304) 293-5737 |
Fax: | (304) 293-7018 |
Website: | https://wvucu.com |
Branches: | 1 branch locations |
Members: | 5,621 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14611 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $56,505,407 |
CEO/Manager: | Craig F Street |
Chairperson: | Gloria Rowan |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,295,546 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 6,842,878 |
Other Loans | 23,228,390 |
TOTAL LOANS | 30,071,268 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -291,326 |
Land And Building | 496,364 |
Other Fixed Assets | 58,764 |
NCUSIF Deposit | 478,847 |
All Other Assets | 0 |
TOTAL ASSETS | 56,505,407 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 31,249 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 371,273 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,725,684 |
Regular shares | 32,721,704 |
All Other Shares & Deposits | 3,439,925 |
TOTAL SHARES & DEPOSITS | 44,887,312 |
TOTAL LIABILITIES | 45,289,834 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 11,215,573 |
TOTAL EQUITY | 11,215,573 |
TOTAL LIABILITIES, SHARES, & EQUITY | 56,505,407 |
INCOME & EXPENSE | |
Loan Income | 1,903,249 |
Investment Income | 617,675 |
Other Income | 383,960 |
Total Employee Compensation & Benefits | 496,969 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 889,574 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 146,500 |
Cost of Funds | 263,816 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,468,991 |
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