Dec, 31, 2020 — CHA-TEL FEDERAL CREDIT UNION is a federal credit union headquartered in Charleston, WV with 1 branch location and about $11.55 million in total assets. Opened 58 years ago in 1963, CHA-TEL FEDERAL CREDIT UNION has about 1,412 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 |
|---|---|
| Address: (Main Office) | 1500 Maccorkle Ave Charleston, WV 25314 |
| Phone: | (304) 344-3330 |
| Fax: | (304) 344-2918 |
| Website: | http://www.chatelfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,412 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15935 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Feb 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,548,879 |
| CEO/Manager: | Kimberly A Taylor |
| Chairperson: | Terry P Sanner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,657,499 |
| TOTAL INVESTMENTS | 2,226,958 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 965,965 |
| Other Loans | 5,679,873 |
| TOTAL LOANS | 6,645,838 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,602 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 87,798 |
| All Other Assets | 12,388 |
| TOTAL ASSETS | 11,548,879 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 35,097 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,561,344 |
| Regular shares | 5,733,227 |
| All Other Shares & Deposits | 3,001,164 |
| TOTAL SHARES & DEPOSITS | 10,295,735 |
| TOTAL LIABILITIES | 10,330,832 |
| Regular Reserve | 284,306 |
| Other Reserves | 0 |
| Undivided Earnings | 933,741 |
| TOTAL EQUITY | 1,218,047 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,548,879 |
| INCOME & EXPENSE | |
| Loan Income | 321,148 |
| Investment Income | 57,895 |
| Other Income | 91,077 |
| Total Employee Compensation & Benefits | 161,036 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 237,656 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 36,537 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,891 |
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