Dec, 31, 2020 — ALLOY FEDERAL CREDIT UNION is a federal credit union headquartered in Alloy, WV with 2 branch locations and about $23.57 million in total assets. Opened 51 years ago in 1970, ALLOY FEDERAL CREDIT UNION has about 4,389 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) | PO Box 323 Alloy, WV 25002 |
| Phone: | (304) 779-2773 |
| Fax: | (304) 779-2683 |
| Website: | http://www.alloyfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,389 |
| 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: | May 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,566,743 |
| CEO/Manager: | Deanna M Valentine |
| Chairperson: | Ray Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,463,262 |
| TOTAL INVESTMENTS | 3,526,354 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,265,056 |
| Unsecured Loans | 1,751,380 |
| Other Loans | 9,851,395 |
| TOTAL LOANS | 13,867,831 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,133 |
| Land And Building | 869,430 |
| Other Fixed Assets | 52,712 |
| NCUSIF Deposit | 178,108 |
| All Other Assets | 698,179 |
| TOTAL ASSETS | 23,566,743 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33,030 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,913 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,923,536 |
| Regular shares | 12,479,590 |
| All Other Shares & Deposits | 4,844,063 |
| TOTAL SHARES & DEPOSITS | 20,247,189 |
| TOTAL LIABILITIES | 20,289,132 |
| Regular Reserve | 516,208 |
| Other Reserves | 0 |
| Undivided Earnings | 2,761,403 |
| TOTAL EQUITY | 3,277,611 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,566,743 |
| INCOME & EXPENSE | |
| Loan Income | 779,150 |
| Investment Income | 86,685 |
| Other Income | 367,163 |
| Total Employee Compensation & Benefits | 378,885 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 597,481 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 86,208 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 170,424 |
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