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ALLOY FEDERAL CREDIT UNION

Mar, 31, 2021 — ALLOY FEDERAL CREDIT UNION is a federal credit union headquartered in Alloy, WV with 2 branch locations and about $24.78 million in total assets. Opened 51 years ago in 1970, ALLOY FEDERAL CREDIT UNION has about 4,415 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:4,415
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:$24,783,380
CEO/Manager:Deanna M Valentine
Chairperson:Ray Phillips

Call Report

  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,378,421
TOTAL INVESTMENTS 3,526,354
Loans Held for Sale 0
 
 Real Estate Loans 1,964,127
 Unsecured Loans 1,520,371
 Other Loans 9,689,048
 TOTAL LOANS 13,173,546
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -94,283
 Land And Building 861,323
 Other Fixed Assets 48,496
 NCUSIF Deposit 178,108
 All Other Assets 711,415
  TOTAL ASSETS 24,783,380
LIABILITIES & CAPITAL:  
 Dividends Payable 21,267
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,399
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,354,710
 Regular shares 13,605,033
 All Other Shares & Deposits 4,478,016
  TOTAL SHARES & DEPOSITS 21,437,759
  TOTAL LIABILITIES 21,462,425
 Regular Reserve 516,208
 Other Reserves 0
 Undivided Earnings 2,804,747
  TOTAL EQUITY 3,320,955
  TOTAL LIABILITIES, SHARES, & EQUITY 24,783,380
INCOME & EXPENSE  
 Loan Income 182,299
 Investment Income 17,213
 Other Income 96,239
 Total Employee Compensation & Benefits 99,079
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 153,791
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 43,343
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