Sep, 30, 2022 — APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $6.12 million in total assets. Opened 87 years ago in 1936, APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION has about 951 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1122 7TH AVE HUNTINGTON, WV 25701 |
| Phone: | (304) 696-1399 |
| Fax: | (304) 696-1397 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 951 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1463 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,121,262 |
| CEO/Manager: | ALECIA D GROSE |
| Chairperson: | EDMOND L HORNBUCKLE III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 915,384 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 355,183 |
| Other Loans | 3,059,168 |
| TOTAL LOANS | 3,414,351 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,222 |
| Land And Building | 0 |
| Other Fixed Assets | 10,397 |
| NCUSIF Deposit | 46,532 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,121,262 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,428 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,333 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 108,006 |
| Regular shares | 4,686,041 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,794,047 |
| TOTAL LIABILITIES | 4,808,808 |
| Regular Reserve | 0 |
| Other Reserves | 242,000 |
| Undivided Earnings | 1,070,454 |
| TOTAL EQUITY | 1,312,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,121,262 |
| INCOME & EXPENSE | |
| Loan Income | 107,945 |
| Investment Income | 30,351 |
| Other Income | 3,529 |
| Total Employee Compensation & Benefits | 77,002 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,783 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 15,242 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,422 |
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