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National Credit Union Service Organization

SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in South Charlesto, WV with 1 branch location and about $16.12 million in total assets. Opened 56 years ago in 1965, SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION has about 1,284 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:SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
515 3rd Ave Ste 200
South Charlesto, WV 25303
Phone:(304) 720-5600
Fax:(304) 720-5401
Website:n/a
Branches:1 branch locations
Members:1,284
Credit Union Type:Federal Credit Union
Charter Number:16989
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1965
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$16,124,927
CEO/Manager:Phala Sigmon
Chairperson:Ted Schuda

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,053,178
TOTAL INVESTMENTS 9,818,927
Loans Held for Sale 0
 
 Real Estate Loans 535,908
 Unsecured Loans 700,234
 Other Loans 2,956,064
 TOTAL LOANS 4,192,206
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,339
 Land And Building 0
 Other Fixed Assets 14
 NCUSIF Deposit 76,100
 All Other Assets 8,841
  TOTAL ASSETS 16,124,927
LIABILITIES & CAPITAL:  
 Dividends Payable 26,951
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,791
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,376,671
 All Other Shares & Deposits 1,486,900
  TOTAL SHARES & DEPOSITS 7,863,571
  TOTAL LIABILITIES 7,897,313
 Regular Reserve 1,246,729
 Other Reserves 0
 Undivided Earnings 6,980,885
  TOTAL EQUITY 8,227,614
  TOTAL LIABILITIES, SHARES, & EQUITY 16,124,927
INCOME & EXPENSE  
 Loan Income 318,307
 Investment Income 239,142
 Other Income 19,168
 Total Employee Compensation & Benefits 192,471
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 213,503
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 16,446
 Cost of Funds 51,190
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 103,007
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