Dec, 31, 2021 — CHA-TEL FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $12.57 million in total assets. Opened 59 years ago in 1963, CHA-TEL FEDERAL CREDIT UNION has about 1,369 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHA-TEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1500 Maccorkle Ave SE CHARLESTON, WV 25396 |
Phone: | (304) 344-3330 |
Fax: | (304) 344-2918 |
Website: | http://www.chatelfcu.com |
Branches: | 1 branch locations |
Members: | 1,369 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15935 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Aug 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,574,525 |
CEO/Manager: | Kimberly A Taylor |
Chairperson: | Terry P Sanner |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,553,887 |
TOTAL INVESTMENTS | 2,926,958 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,044,447 |
Other Loans | 5,040,262 |
TOTAL LOANS | 6,084,709 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -99,527 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 99,140 |
All Other Assets | 9,358 |
TOTAL ASSETS | 12,574,525 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,479 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,795,316 |
Regular shares | 6,283,340 |
All Other Shares & Deposits | 3,222,330 |
TOTAL SHARES & DEPOSITS | 11,300,986 |
TOTAL LIABILITIES | 11,330,465 |
Regular Reserve | 284,306 |
Other Reserves | 0 |
Undivided Earnings | 959,754 |
TOTAL EQUITY | 1,244,060 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,574,525 |
INCOME & EXPENSE | |
Loan Income | 313,797 |
Investment Income | 55,778 |
Other Income | 31,041 |
Total Employee Compensation & Benefits | 160,852 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 229,845 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,000 |
Cost of Funds | 17,520 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 26,013 |
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