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SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHARLESTON, WV with 1 branch location and about $16.89 million in total assets. Opened 57 years ago in 1965, SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION has about 1,278 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
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:1,278
Credit Union Type:Federal Credit Union
Charter Number:16989
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1965
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$16,891,476
CEO/Manager:Phala Sigmon
Chairperson:Ted Schuda

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,335,126
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 444,809
 Unsecured Loans 625,646
 Other Loans 2,611,339
 TOTAL LOANS 3,681,794
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -36,138
 Land And Building 0
 Other Fixed Assets 14
 NCUSIF Deposit 78,636
 All Other Assets 0
  TOTAL ASSETS 16,891,476
LIABILITIES & CAPITAL:  
 Dividends Payable 11,602
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,707
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,742,327
 All Other Shares & Deposits 1,815,030
  TOTAL SHARES & DEPOSITS 8,557,357
  TOTAL LIABILITIES 8,575,666
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 8,315,810
  TOTAL EQUITY 8,315,810
  TOTAL LIABILITIES, SHARES, & EQUITY 16,891,476
INCOME & EXPENSE  
 Loan Income 59,792
 Investment Income 74,650
 Other Income 0
 Total Employee Compensation & Benefits 46,376
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 50,097
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,808
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 33,300
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