Dec, 31, 2021 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHARLESTON, WV with 1 branch location and about $16.71 million in total assets. Opened 57 years ago in 1965, SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION has about 1,276 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: | 1,276 |
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: | Oct 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,707,076 |
CEO/Manager: | Phala Sigmon |
Chairperson: | Ted Schuda |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,219,013 |
TOTAL INVESTMENTS | 9,818,927 |
Loans Held for Sale | 0 |
Real Estate Loans | 459,484 |
Unsecured Loans | 660,679 |
Other Loans | 2,497,998 |
TOTAL LOANS | 3,618,161 |
(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 | 8,463 |
TOTAL ASSETS | 16,707,076 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,094 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,829 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,461,213 |
All Other Shares & Deposits | 1,946,430 |
TOTAL SHARES & DEPOSITS | 8,407,643 |
TOTAL LIABILITIES | 8,424,566 |
Regular Reserve | 1,246,730 |
Other Reserves | 0 |
Undivided Earnings | 7,035,780 |
TOTAL EQUITY | 8,282,510 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,707,076 |
INCOME & EXPENSE | |
Loan Income | 272,065 |
Investment Income | 201,796 |
Other Income | 0 |
Total Employee Compensation & Benefits | 192,906 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 197,806 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
Cost of Funds | 39,184 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 54,896 |
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