Dec, 31, 2021 — APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $6.02 million in total assets. Opened 86 years ago in 1936, APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION has about 990 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: | 990 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,018,382 |
| CEO/Manager: | ALECIA D GROSE |
| Chairperson: | EDMOND L HORNBUCKLE III |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,833,435 |
| TOTAL INVESTMENTS | 792,820 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 376,710 |
| Other Loans | 3,017,622 |
| TOTAL LOANS | 3,394,332 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -59,677 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 48,200 |
| All Other Assets | 9,272 |
| TOTAL ASSETS | 6,018,382 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,020 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,256 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 101,493 |
| Regular shares | 4,603,582 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,705,075 |
| TOTAL LIABILITIES | 4,716,351 |
| Regular Reserve | 242,000 |
| Other Reserves | 0 |
| Undivided Earnings | 1,060,031 |
| TOTAL EQUITY | 1,302,031 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,018,382 |
| INCOME & EXPENSE | |
| Loan Income | 158,273 |
| Investment Income | 7,598 |
| Other Income | 3,453 |
| Total Employee Compensation & Benefits | 87,852 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 50,738 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,500 |
| Cost of Funds | 17,214 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,704 |
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