Dec, 31, 2021 — UNION TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 4 branch locations and about $36.44 million in total assets. Opened 50 years ago in 1972, UNION TRADES FEDERAL CREDIT UNION has about 3,390 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNION TRADES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1925 Murdoch Ave PARKERSBURG, WV 26101-2528 |
Phone: | (304) 485-1421 |
Fax: | (304) 485-1487 |
Website: | http://uniontradesfcu.com |
Branches: | 4 branch locations |
Members: | 3,390 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21100 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,438,547 |
CEO/Manager: | Dianah M Angert |
Chairperson: | Terry W Hudson |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,402,069 |
TOTAL INVESTMENTS | 9,228,543 |
Loans Held for Sale | 0 |
Real Estate Loans | 939,236 |
Unsecured Loans | 1,509,901 |
Other Loans | 8,256,519 |
TOTAL LOANS | 10,705,656 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,290 |
Land And Building | 1,594,295 |
Other Fixed Assets | 147,199 |
NCUSIF Deposit | 276,301 |
All Other Assets | 161,774 |
TOTAL ASSETS | 36,438,547 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 71,547 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,112,071 |
Regular shares | 19,413,596 |
All Other Shares & Deposits | 7,991,953 |
TOTAL SHARES & DEPOSITS | 31,517,620 |
TOTAL LIABILITIES | 31,589,167 |
Regular Reserve | 906,805 |
Other Reserves | 0 |
Undivided Earnings | 3,942,575 |
TOTAL EQUITY | 4,849,380 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,438,547 |
INCOME & EXPENSE | |
Loan Income | 827,312 |
Investment Income | 235,368 |
Other Income | 280,161 |
Total Employee Compensation & Benefits | 571,052 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 670,440 |
Non-operating Income & (Expense) | -17,585 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,987 |
Cost of Funds | 97,913 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 114,292 |
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