Dec, 31, 2021 — PUTNAM SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in ELEANOR, WV with 1 branch location and about $17.24 million in total assets. Opened 50 years ago in 1972, PUTNAM SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,937 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PUTNAM SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 101 ROOSEVELT BLVD ELEANOR, WV 25070 |
Phone: | (304) 586-3900 |
Fax: | (304) 586-4159 |
Website: | http://www.psewv.com |
Branches: | 1 branch locations |
Members: | 1,937 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21107 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Jul 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,238,907 |
CEO/Manager: | JUDY L BARRETT |
Chairperson: | Allen Messinger |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,519,190 |
TOTAL INVESTMENTS | 7,365,087 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 803,265 |
Other Loans | 4,472,973 |
TOTAL LOANS | 5,276,238 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,988 |
Land And Building | 0 |
Other Fixed Assets | 21 |
NCUSIF Deposit | 121,577 |
All Other Assets | 6,782 |
TOTAL ASSETS | 17,238,907 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 27,856 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 14,426,114 |
All Other Shares & Deposits | 587,115 |
TOTAL SHARES & DEPOSITS | 15,013,229 |
TOTAL LIABILITIES | 15,041,085 |
Regular Reserve | 182,984 |
Other Reserves | 0 |
Undivided Earnings | 2,014,838 |
TOTAL EQUITY | 2,197,822 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,238,907 |
INCOME & EXPENSE | |
Loan Income | 324,740 |
Investment Income | 74,998 |
Other Income | 2,830 |
Total Employee Compensation & Benefits | 148,767 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 73,937 |
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 | 106,340 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 67,524 |
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