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National Credit Union Service Organization

WEST VIRGINIA FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for WEST VIRGINIA FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 17057

ASSETS$ Amount
CASH:  
 1. Cash on Hand 866,631
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 16,660,503
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 7,730,485
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 13,197,833
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 19,230,593
 9. Loans to and investments in natural person credit unions 2,933,930
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 1,000,000
 12. All other investments in corporate credit unions 0
 13. All other investments 28,100
 14. TOTAL INVESTMENTS 44,120,941
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 66,327,585
 17. Less: Allowance for Loan & Lease Losses 890,892
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 1,000
 20. Land and Building 1,247,439
 21. Other Fixed Assets 307,621
 22. NCUA Share Insurance Capitalization Deposit 1,099,368
 23. Intangible Assets 0
 24. Other Assets 5,425,299
25. TOTAL ASSETS 135,165,495
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 305
 9. Accounts Payable and Other Liabilities 563,597
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 23,709,621
 12. Regular Shares 37,318,922
 13. Money Market Shares 37,918,736
 14. Share Certificates 7,692,429
 15. IRA/KEOGH Accounts 7,380,563
 16. All Other Shares 181,419
 17. TOTAL SHARES 114,201,690
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 114,201,690
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 0
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 0
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 1,112,390
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 2,057,738
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 3,389,256
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 12,363
EQUITY:  
 33. Undivided Earnings 16,616,504
 34. Regular Reserves 3,288,053
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 647,512
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -152,166
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 135,165,495
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 3,145,907
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 712,725
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 3,858,632
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 171,658
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 171,658
 10. Provision for Loan & Lease Losses 120,000
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 3,566,974
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 457,123
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 37,423
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 14,400
 21. TOTAL NON-INTEREST INCOME 1,158,755
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 2,259,316
 23. Travel and Conference Expense 15,542
 24. Office Occupancy Expense 306,334
 25. Office Operations Expense 917,183
 26. Educational and Promotional Expenses 9,435
 27. Loan Servicing Expense 242,379
 28. Professional and Outside Services 48,551
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 26,908
 31. Miscellaneous Operating Expenses 124,884
 32. TOTAL NON-INTEREST EXPENSE 3,950,532
33. NET INCOME (LOSS) 775,197
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans0.000$0
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans8.84481$1,746,159
 5. New Vehicle Loans4.61269$5,950,503
 6. Used Vehicle Loans4.971,531$17,359,846
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit5.47367$3,739,004
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property4.01200$15,423,053
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property3.81328$10,399,991
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured4.4247$11,354,655
 13. Commercial Loans/Lines of Credit Not Real Estate Secured3.8023$354,374
 14. TOTAL LOANS & LEASES3,246$66,327,585
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date1,257$21,459,418
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff11$654,688
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration0$0$0
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)0$0-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration2$297,351$297,351
  b. Other Government Guaranteed0$0$0