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THE UNITED FEDERAL CREDIT UNION

Dec, 31, 2021 — THE UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in MORGANTOWN, WV with 4 branch locations and about $107.86 million in total assets. Opened 49 years ago in 1973, THE UNITED FEDERAL CREDIT UNION has about 6,546 members and employs 29 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:6,546
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:$107,862,857
CEO/Manager:Victoria A Metts
Chairperson:James D Raley

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,952,209
TOTAL INVESTMENTS 21,479,904
Loans Held for Sale 0
 
 Real Estate Loans 57,849,760
 Unsecured Loans 1,992,953
 Other Loans 11,907,326
 TOTAL LOANS 71,750,039
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -607,847
 Land And Building 2,591,336
 Other Fixed Assets 121,110
 NCUSIF Deposit 791,049
 All Other Assets 5,785,057
  TOTAL ASSETS 107,862,857
LIABILITIES & CAPITAL:  
 Dividends Payable 214
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 337,748
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,149,306
 Regular shares 35,477,071
 All Other Shares & Deposits 37,540,205
  TOTAL SHARES & DEPOSITS 83,166,582
  TOTAL LIABILITIES 83,504,544
 Regular Reserve 1,115,515
 Other Reserves 0
 Undivided Earnings 23,242,798
  TOTAL EQUITY 24,358,313
  TOTAL LIABILITIES, SHARES, & EQUITY 107,862,857
INCOME & EXPENSE  
 Loan Income 3,768,980
 Investment Income 418,636
 Other Income 761,691
 Total Employee Compensation & Benefits 1,531,084
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,191,573
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 334,125
 Cost of Funds 698,228
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,447,613
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