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SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — SOUTH CHARLESTON EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in South Charlesto, WV with 1 branch location and about $16.75 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:$16,748,859
CEO/Manager:Phala Sigmon
Chairperson:Ted Schuda

Call Report

  • Real Estate Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,801,051
TOTAL INVESTMENTS 9,818,927
Loans Held for Sale 0
 
 Real Estate Loans 516,770
 Unsecured Loans 653,641
 Other Loans 2,890,889
 TOTAL LOANS 4,061,300
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,339
 Land And Building 0
 Other Fixed Assets 14
 NCUSIF Deposit 78,636
 All Other Assets 17,270
  TOTAL ASSETS 16,748,859
LIABILITIES & CAPITAL:  
 Dividends Payable 20,677
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,944
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 6,781,924
 All Other Shares & Deposits 1,686,400
  TOTAL SHARES & DEPOSITS 8,468,324
  TOTAL LIABILITIES 8,495,945
 Regular Reserve 1,246,729
 Other Reserves 0
 Undivided Earnings 7,006,185
  TOTAL EQUITY 8,252,914
  TOTAL LIABILITIES, SHARES, & EQUITY 16,748,859
INCOME & EXPENSE  
 Loan Income 74,026
 Investment Income 58,483
 Other Income 0
 Total Employee Compensation & Benefits 48,495
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 48,023
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 11,003
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,300
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