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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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