Dec, 31, 2023 — MCDOWELL COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in WELCH, WV with 1 branch location and about $98,961 in total assets. Opened 56 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,961 |
| CEO/Manager: | Heather R Mullins |
| Chairperson: | Virginia L Dyer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 78,349 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 21,071 |
| Other Loans | 0 |
| TOTAL LOANS | 21,071 |
| (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 | 781 |
| All Other Assets | 0 |
| TOTAL ASSETS | 98,961 |
| 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 | 82,933 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 82,933 |
| TOTAL LIABILITIES | 83,133 |
| Regular Reserve | 0 |
| Other Reserves | 7,503 |
| Undivided Earnings | 8,325 |
| TOTAL EQUITY | 15,828 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,961 |
| INCOME & EXPENSE | |
| Loan Income | 2,973 |
| Investment Income | 431 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 865 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,987 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 552 |
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