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