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ALLOY FEDERAL CREDIT UNION

Dec, 31, 2023 — ALLOY FEDERAL CREDIT UNION is a federal credit union headquartered in ALLOY, WV with 2 branch locations and about $27.96 million in total assets. Opened 54 years ago in 1970, ALLOY FEDERAL CREDIT UNION has about 4,741 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ALLOY FEDERAL CREDIT UNION
Address:
(Main Office)
3574 Midland Trail
ALLOY, WV 25002
Phone:(304) 779-2773
Fax:(304) 779-2683
Website:https://www.alloyfcu.com
Branches:2 branch locations
Members:4,741
Credit Union Type:Federal Credit Union
Charter Number:20324
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1970
Last Audited:Nov 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$27,962,536
CEO/Manager:Deanna M Valentine
Chairperson:Ray Phillips

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 980,589
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,352,953
 Unsecured Loans 1,994,172
 Other Loans 18,056,643
 TOTAL LOANS 21,403,768
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -99,184
 Land And Building 760,178
 Other Fixed Assets 34,440
 NCUSIF Deposit 209,622
 All Other Assets 42,313
  TOTAL ASSETS 27,962,536
LIABILITIES & CAPITAL:  
 Dividends Payable 7,280
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -5,191
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,284,152
 Regular shares 13,468,737
 All Other Shares & Deposits 7,415,514
  TOTAL SHARES & DEPOSITS 24,168,404
  TOTAL LIABILITIES 24,170,493
 Regular Reserve 0
 Other Reserves 516,208
 Undivided Earnings 3,275,835
  TOTAL EQUITY 3,792,043
  TOTAL LIABILITIES, SHARES, & EQUITY 27,962,536
INCOME & EXPENSE  
 Loan Income 976,530
 Investment Income 112,957
 Other Income 227,998
 Total Employee Compensation & Benefits 470,294
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 704,384
 Non-operating Income & (Expense) 275,693
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 142,456
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 271,044
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