Dec, 31, 2020 — UNION TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in Parkersburg, WV with 4 branch locations and about $33.28 million in total assets. Opened 49 years ago in 1972, UNION TRADES FEDERAL CREDIT UNION has about 3,467 members and employs 15 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) | P.O. Box 1682 Parkersburg, WV 26102 |
| Phone: | (304) 485-1421 |
| Fax: | (304) 485-1487 |
| Website: | http://uniontradesfcu.com |
| Branches: | 4 branch locations |
| Members: | 3,467 |
| 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: | $33,279,818 |
| CEO/Manager: | Dianah M Angert |
| Chairperson: | Terry W Hudson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,966,170 |
| TOTAL INVESTMENTS | 7,764,693 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,099,428 |
| Unsecured Loans | 1,760,312 |
| Other Loans | 9,517,786 |
| TOTAL LOANS | 12,377,526 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,632 |
| Land And Building | 1,638,963 |
| Other Fixed Assets | 167,978 |
| NCUSIF Deposit | 242,579 |
| All Other Assets | 192,541 |
| TOTAL ASSETS | 33,279,818 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 72,956 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,316,443 |
| Regular shares | 17,890,400 |
| All Other Shares & Deposits | 6,258,386 |
| TOTAL SHARES & DEPOSITS | 28,465,229 |
| TOTAL LIABILITIES | 28,538,185 |
| Regular Reserve | 906,805 |
| Other Reserves | 0 |
| Undivided Earnings | 3,834,828 |
| TOTAL EQUITY | 4,741,633 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,279,818 |
| INCOME & EXPENSE | |
| Loan Income | 1,036,790 |
| Investment Income | 210,691 |
| Other Income | 422,838 |
| Total Employee Compensation & Benefits | 633,789 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 640,065 |
| Non-operating Income & (Expense) | 3,611 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,604 |
| Cost of Funds | 87,983 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 224,489 |
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