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 |
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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 |
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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 |
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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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