Sep, 30, 2025 — HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in WEIRTON, WV with 1 branch location and about $23.85 million in total assets. Opened 54 years ago in 1972, HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION has about 1,398 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 384 Penco Rd WEIRTON, WV 26062 |
| Phone: | (304) 723-5605 |
| Fax: | (304) 723-9655 |
| Website: | https://www.hsefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,398 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21115 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,853,724 |
| CEO/Manager: | David L Karas |
| Chairperson: | Gordon J Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 614,457 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,056,166 |
| Other Loans | 5,072,414 |
| TOTAL LOANS | 6,128,579 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,047 |
| Land And Building | 447,378 |
| Other Fixed Assets | 91,848 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 187,926 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,853,724 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,839 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,360,638 |
| Regular shares | 17,388,474 |
| All Other Shares & Deposits | 1,482,398 |
| TOTAL SHARES & DEPOSITS | 21,231,510 |
| TOTAL LIABILITIES | 21,247,349 |
| Regular Reserve | 0 |
| Other Reserves | 574,373 |
| Undivided Earnings | 2,032,002 |
| TOTAL EQUITY | 2,606,375 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,853,724 |
| INCOME & EXPENSE | |
| Loan Income | 272,409 |
| Investment Income | 309,554 |
| Other Income | 5,205 |
| Total Employee Compensation & Benefits | 139,134 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 233,511 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 141,456 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 73,067 |
| ↑ Back to Top | |