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THE UNITED FEDERAL CREDIT UNION

Mar, 31, 2021 — THE UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in Morgantown, WV with 4 branch locations and about $106.52 million in total assets. Opened 48 years ago in 1973, THE UNITED FEDERAL CREDIT UNION has about 6,715 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:THE UNITED FEDERAL CREDIT UNION
Address:
(Main Office)
3 Sunset Beach Rd
Morgantown, WV 26508-4431
Phone:(304) 598-5010
Fax:(304) 598-5019
Website:http://www.tufcu.org
Branches:4 branch locations
Members:6,715
Credit Union Type:Federal Credit Union
Charter Number:21305
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1973
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$106,515,414
CEO/Manager:Victoria A Metts
Chairperson:James D Raley

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,859,455
TOTAL INVESTMENTS 19,089,092
Loans Held for Sale 0
 
 Real Estate Loans 56,803,574
 Unsecured Loans 1,956,720
 Other Loans 12,713,524
 TOTAL LOANS 71,473,818
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -675,565
 Land And Building 2,648,124
 Other Fixed Assets 138,292
 NCUSIF Deposit 753,774
 All Other Assets 6,228,424
  TOTAL ASSETS 106,515,414
LIABILITIES & CAPITAL:  
 Dividends Payable 4,009
 Notes & Interest Payable 1,000,000
 Accounts Payable & Other Liabilities 377,765
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,011,826
 Regular shares 32,597,777
 All Other Shares & Deposits 39,263,151
  TOTAL SHARES & DEPOSITS 81,872,754
  TOTAL LIABILITIES 83,254,528
 Regular Reserve 1,115,515
 Other Reserves 0
 Undivided Earnings 22,145,371
  TOTAL EQUITY 23,260,886
  TOTAL LIABILITIES, SHARES, & EQUITY 106,515,414
INCOME & EXPENSE  
 Loan Income 972,391
 Investment Income 103,033
 Other Income 164,921
 Total Employee Compensation & Benefits 369,193
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 283,914
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 91,551
 Cost of Funds 196,833
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 361,620
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