Dec, 31, 2023 — APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $5.92 million in total assets. Opened 88 years ago in 1936, APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION has about 885 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 |
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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: | 885 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1463 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,919,269 |
CEO/Manager: | ALECIA D GROSE |
Chairperson: | James D Finley |
ASSETS: | $ Amount |
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Cash & Equivalents | 154,677 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 408,383 |
Other Loans | 4,313,480 |
TOTAL LOANS | 4,721,863 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,886 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 48,348 |
All Other Assets | 0 |
TOTAL ASSETS | 5,919,269 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,698 |
Notes & Interest Payable | 175,000 |
Accounts Payable & Other Liabilities | 8,063 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 137,606 |
Regular shares | 4,252,283 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,389,888 |
TOTAL LIABILITIES | 4,589,649 |
Regular Reserve | 0 |
Other Reserves | 242,000 |
Undivided Earnings | 1,087,620 |
TOTAL EQUITY | 1,329,620 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,919,269 |
INCOME & EXPENSE | |
Loan Income | 191,121 |
Investment Income | 43,755 |
Other Income | 896 |
Total Employee Compensation & Benefits | 95,859 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 52,611 |
Non-operating Income & (Expense) | 612 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 67,541 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 15,522 |
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