Dec, 31, 2023 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHARLESTON, WV with 1 branch location and about $15.40 million in total assets. Opened 59 years ago in 1965, SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION has about 1,233 members 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 |
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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: | 1,233 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16989 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,403,311 |
CEO/Manager: | James P Hsu |
Chairperson: | Ted Schuda |
ASSETS: | $ Amount |
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Cash & Equivalents | 945,468 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 436,031 |
Unsecured Loans | 779,989 |
Other Loans | 3,511,824 |
TOTAL LOANS | 4,727,844 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,976 |
Land And Building | 0 |
Other Fixed Assets | 14 |
NCUSIF Deposit | 75,828 |
All Other Assets | 0 |
TOTAL ASSETS | 15,403,311 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,270 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,731 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,972,047 |
All Other Shares & Deposits | 1,134,000 |
TOTAL SHARES & DEPOSITS | 7,106,047 |
TOTAL LIABILITIES | 7,136,048 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,267,263 |
TOTAL EQUITY | 8,267,263 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,403,311 |
INCOME & EXPENSE | |
Loan Income | 263,493 |
Investment Income | 233,979 |
Other Income | 0 |
Total Employee Compensation & Benefits | 134,313 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 263,377 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,500 |
Cost of Funds | 47,478 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 62,894 |
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» See also Statement of Financial Condition