Dec, 31, 2023 — TEAMSTERS LOCAL 697 FEDERAL CREDIT UNION is a federal credit union headquartered in WHEELING, WV with 1 branch location and about $2.85 million in total assets. Opened 52 years ago in 1972, TEAMSTERS LOCAL 697 FEDERAL CREDIT UNION has about 551 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEAMSTERS LOCAL 697 FEDERAL CREDIT UNION |
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Address: (Main Office) | 901 Market St WHEELING, WV 26003-2918 |
Phone: | (304) 232-9840 |
Fax: | (304) 232-5840 |
Website: | https://teamsters697creditunion.com |
Branches: | 1 branch locations |
Members: | 551 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20957 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,852,653 |
CEO/Manager: | Rebecca L Komorowski |
Chairperson: | William J Holt |
ASSETS: | $ Amount |
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Cash & Equivalents | 676,246 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 581,874 |
Other Loans | 1,552,164 |
TOTAL LOANS | 2,134,038 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,059 |
Land And Building | 0 |
Other Fixed Assets | 15,072 |
NCUSIF Deposit | 28,407 |
All Other Assets | 0 |
TOTAL ASSETS | 2,852,653 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,718 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,984 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 588,126 |
Regular shares | 1,945,742 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,533,868 |
TOTAL LIABILITIES | 2,543,570 |
Regular Reserve | 0 |
Other Reserves | 27,171 |
Undivided Earnings | 281,912 |
TOTAL EQUITY | 309,083 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,852,653 |
INCOME & EXPENSE | |
Loan Income | 182,641 |
Investment Income | 20,168 |
Other Income | 14,229 |
Total Employee Compensation & Benefits | 93,251 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 82,037 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,000 |
Cost of Funds | 10,723 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 17,715 |
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» See also Statement of Financial Condition