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WEST VIRGINIA FEDERAL CREDIT UNION

Mar, 31, 2021 — WEST VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in South Charlesto, WV with 2 branch locations and about $133.71 million in total assets. Opened 56 years ago in 1965, WEST VIRGINIA FEDERAL CREDIT UNION has about 8,048 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WEST VIRGINIA FEDERAL CREDIT UNION
Address:
(Main Office)
318 5th Ave
South Charlesto, WV 25303-1240
Phone:(304) 744-7604
Fax:(304) 744-1993
Website:http://www.wvfcu.org
Branches:2 branch locations
Members:8,048
Credit Union Type:Federal Credit Union
Charter Number:17057
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1965
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$133,705,559
CEO/Manager:Nicholas P Arvon
Chairperson:Greg Cox

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 25,885,426
TOTAL INVESTMENTS 31,112,897
Loans Held for Sale 0
 
 Real Estate Loans 38,456,741
 Unsecured Loans 1,601,988
 Other Loans 29,473,973
 TOTAL LOANS 69,532,702
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -883,037
 Land And Building 1,306,149
 Other Fixed Assets 378,900
 NCUSIF Deposit 1,032,569
 All Other Assets 5,339,953
  TOTAL ASSETS 133,705,559
LIABILITIES & CAPITAL:  
 Dividends Payable 242
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 665,572
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,094,197
 Regular shares 35,741,516
 All Other Shares & Deposits 52,316,946
  TOTAL SHARES & DEPOSITS 113,152,659
  TOTAL LIABILITIES 113,818,473
 Regular Reserve 3,288,053
 Other Reserves 616,287
 Undivided Earnings 15,982,746
  TOTAL EQUITY 19,887,086
  TOTAL LIABILITIES, SHARES, & EQUITY 133,705,559
INCOME & EXPENSE  
 Loan Income 799,160
 Investment Income 110,572
 Other Income 121,999
 Total Employee Compensation & Benefits 540,562
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 407,257
 Non-operating Income & (Expense) 3,944
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 44,734
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 141,439
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