Dec, 31, 2021 — ALLOY FEDERAL CREDIT UNION is a federal credit union headquartered in ALLOY, WV with 2 branch locations and about $24.39 million in total assets. Opened 52 years ago in 1970, ALLOY FEDERAL CREDIT UNION has about 4,388 members and employs 8 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: | http://www.alloyfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,388 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,385,973 |
| CEO/Manager: | Deanna M Valentine |
| Chairperson: | Ray Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,050,052 |
| TOTAL INVESTMENTS | 3,526,354 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,500,772 |
| Unsecured Loans | 1,701,480 |
| Other Loans | 9,889,272 |
| TOTAL LOANS | 13,091,524 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,051 |
| Land And Building | 843,837 |
| Other Fixed Assets | 35,852 |
| NCUSIF Deposit | 201,441 |
| All Other Assets | 707,964 |
| TOTAL ASSETS | 24,385,973 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,445 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -4,167 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,075,427 |
| Regular shares | 14,079,748 |
| All Other Shares & Deposits | 3,849,798 |
| TOTAL SHARES & DEPOSITS | 21,004,973 |
| TOTAL LIABILITIES | 21,014,251 |
| Regular Reserve | 516,208 |
| Other Reserves | 0 |
| Undivided Earnings | 2,855,514 |
| TOTAL EQUITY | 3,371,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,385,973 |
| INCOME & EXPENSE | |
| Loan Income | 731,861 |
| Investment Income | 62,041 |
| Other Income | 183,105 |
| Total Employee Compensation & Benefits | 396,369 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 621,077 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 30,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 169,110 |
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