Dec, 31, 2023 — MARSHALL COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNDSVILLE, WV with 1 branch location and about $23.35 million in total assets. Opened 50 years ago in 1974, MARSHALL COUNTY FEDERAL CREDIT UNION has about 2,725 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARSHALL COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 910 3rd St MOUNDSVILLE, WV 26041-1605 |
| Phone: | (304) 843-1179 |
| Fax: | (304) 843-1263 |
| Website: | https://www.marshallcountyfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,725 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21713 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,353,096 |
| CEO/Manager: | Kelly L Ward |
| Chairperson: | Paul F Chavanak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,356,150 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 529,751 |
| Other Loans | 8,084,893 |
| TOTAL LOANS | 8,614,644 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,961 |
| Land And Building | 130,934 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 228,817 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,353,096 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,543 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,001,955 |
| Regular shares | 15,095,954 |
| All Other Shares & Deposits | 745,979 |
| TOTAL SHARES & DEPOSITS | 20,843,888 |
| TOTAL LIABILITIES | 20,847,431 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,505,665 |
| TOTAL EQUITY | 2,505,665 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,353,096 |
| INCOME & EXPENSE | |
| Loan Income | 459,780 |
| Investment Income | 283,750 |
| Other Income | 122,206 |
| Total Employee Compensation & Benefits | 267,723 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 205,279 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,469 |
| Cost of Funds | 11,055 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 378,210 |
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» See also Statement of Financial Condition