Sep, 30, 2025 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHARLESTON, WV with 1 branch location and about $14.81 million in total assets. Opened 61 years ago in 1965, SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION has about 1,216 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 515 3rd Ave Ste 200 SOUTH CHARLESTON, WV 25303 |
| Phone: | (304) 720-5600 |
| Fax: | (304) 720-5401 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,216 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16989 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Jul 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,805,364 |
| CEO/Manager: | James P Hsu |
| Chairperson: | Ted Schuda |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,445,094 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 383,204 |
| Unsecured Loans | 707,012 |
| Other Loans | 3,670,771 |
| TOTAL LOANS | 4,760,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,934 |
| Land And Building | 0 |
| Other Fixed Assets | 14 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 57,456 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,805,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 44,568 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,116 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,100,913 |
| All Other Shares & Deposits | 1,222,700 |
| TOTAL SHARES & DEPOSITS | 6,323,613 |
| TOTAL LIABILITIES | 6,375,297 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,430,067 |
| TOTAL EQUITY | 8,430,067 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,805,364 |
| INCOME & EXPENSE | |
| Loan Income | 233,224 |
| Investment Income | 191,897 |
| Other Income | 40 |
| Total Employee Compensation & Benefits | 169,415 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 120,637 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 48,260 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 89,765 |
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