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ALLOY FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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