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CHA-TEL FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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