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MCDOWELL COUNTY FEDERAL CREDIT UNION

Dec, 31, 2020 — MCDOWELL COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in Welch, WV with 1 branch location and about $65,832 in total assets. Opened 53 years ago in 1968, MCDOWELL COUNTY FEDERAL CREDIT UNION has about 35 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MCDOWELL COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
148 McDowell St
Welch, WV 24801
Phone:(304) 436-6800
Fax:(304) 436-6803
Website:n/a
Branches:1 branch locations
Members:35
Credit Union Type:Federal Credit Union
Charter Number:18950
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1968
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$65,832
CEO/Manager:Heather R Mullins
Chairperson:Virginia L Dyer

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,768
TOTAL INVESTMENTS 260
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 15,922
 Other Loans 0
 TOTAL LOANS 15,922
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,500
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 382
 All Other Assets 0
  TOTAL ASSETS 65,832
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 200
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 50,782
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 50,782
  TOTAL LIABILITIES 50,982
 Regular Reserve 7,503
 Other Reserves 0
 Undivided Earnings 7,347
  TOTAL EQUITY 14,850
  TOTAL LIABILITIES, SHARES, & EQUITY 65,832
INCOME & EXPENSE  
 Loan Income 2,133
 Investment Income 137
 Other Income 4
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 34
 Total Other Operating Expenses 1,115
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,010
 Cost of Funds 102
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 13
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