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TEAMSTERS LOCAL 697 FEDERAL CREDIT UNION

Mar, 31, 2021 — TEAMSTERS LOCAL 697 FEDERAL CREDIT UNION is a federal credit union headquartered in Wheeling, WV with 1 branch location and about $2.86 million in total assets. Opened 49 years ago in 1972, TEAMSTERS LOCAL 697 FEDERAL CREDIT UNION has about 546 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
Address:
(Main Office)
901 Market St
Wheeling, WV 26003-2918
Phone:(304) 232-9840
Fax:(304) 232-5840
Website:http://teamsters697creditunion.com
Branches:1 branch locations
Members:546
Credit Union Type:Federal Credit Union
Charter Number:20957
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1972
Last Audited:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,863,585
CEO/Manager:Rebecca L Komorowski
Chairperson:William J Holt

Call Report

  • 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 1,151,166
TOTAL INVESTMENTS 22,949
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 501,445
 Other Loans 1,168,487
 TOTAL LOANS 1,669,932
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,425
 Land And Building 0
 Other Fixed Assets 8,579
 NCUSIF Deposit 21,719
 All Other Assets 3,665
  TOTAL ASSETS 2,863,585
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,194
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 311,741
 Regular shares 2,253,474
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,565,215
  TOTAL LIABILITIES 2,567,409
 Regular Reserve 27,171
 Other Reserves 0
 Undivided Earnings 269,005
  TOTAL EQUITY 296,176
  TOTAL LIABILITIES, SHARES, & EQUITY 2,863,585
INCOME & EXPENSE  
 Loan Income 33,679
 Investment Income 171
 Other Income 2,145
 Total Employee Compensation & Benefits 20,886
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,307
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,000
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,880
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