Mar, 31, 2021 — CHA-TEL FEDERAL CREDIT UNION is a federal credit union headquartered in Charleston, WV with 1 branch location and about $12.76 million in total assets. Opened 58 years ago in 1963, CHA-TEL FEDERAL CREDIT UNION has about 1,400 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: | 1,400 |
| 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: | $12,758,077 |
| CEO/Manager: | Kimberly A Taylor |
| Chairperson: | Terry P Sanner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,767,249 |
| TOTAL INVESTMENTS | 2,426,958 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 934,754 |
| Other Loans | 5,612,261 |
| TOTAL LOANS | 6,547,015 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -87,571 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 87,798 |
| All Other Assets | 16,628 |
| TOTAL ASSETS | 12,758,077 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,537 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,976,383 |
| Regular shares | 6,143,017 |
| All Other Shares & Deposits | 3,392,823 |
| TOTAL SHARES & DEPOSITS | 11,512,223 |
| TOTAL LIABILITIES | 11,537,760 |
| Regular Reserve | 284,306 |
| Other Reserves | 0 |
| Undivided Earnings | 936,011 |
| TOTAL EQUITY | 1,220,317 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,758,077 |
| INCOME & EXPENSE | |
| Loan Income | 80,438 |
| Investment Income | 9,072 |
| Other Income | 6,437 |
| Total Employee Compensation & Benefits | 37,681 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 59,126 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,500 |
| Cost of Funds | 5,084 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,272 |
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