Mar, 31, 2022 — CHA-TEL FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $12.64 million in total assets. Opened 59 years ago in 1963, CHA-TEL FEDERAL CREDIT UNION has about 1,354 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: | 1,354 |
| 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: | $12,644,382 |
| CEO/Manager: | Kimberly A Taylor |
| Chairperson: | Terry P Sanner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,589,160 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 985,430 |
| Other Loans | 4,909,694 |
| TOTAL LOANS | 5,895,124 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,091 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 99,140 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,644,382 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,477 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,799,285 |
| Regular shares | 6,307,061 |
| All Other Shares & Deposits | 3,275,411 |
| TOTAL SHARES & DEPOSITS | 11,381,757 |
| TOTAL LIABILITIES | 11,399,234 |
| Regular Reserve | 0 |
| Other Reserves | 284,306 |
| Undivided Earnings | 960,842 |
| TOTAL EQUITY | 1,245,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,644,382 |
| INCOME & EXPENSE | |
| Loan Income | 72,087 |
| Investment Income | 5,845 |
| Other Income | 7,578 |
| Total Employee Compensation & Benefits | 37,705 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 59,024 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 500 |
| Cost of Funds | 3,677 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,088 |
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