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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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