Dec, 31, 2021 — MARSHALL COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNDSVILLE, WV with 1 branch location and about $22.26 million in total assets. Opened 48 years ago in 1974, MARSHALL COUNTY FEDERAL CREDIT UNION has about 2,842 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 |
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Address: (Main Office) | 910 3rd St MOUNDSVILLE, WV 26041-1605 |
Phone: | (304) 843-1179 |
Fax: | (304) 843-1263 |
Website: | http://www.marshallcountyfcu.com |
Branches: | 1 branch locations |
Members: | 2,842 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21713 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,259,912 |
CEO/Manager: | Kelly L Ward |
Chairperson: | Paul F Chavanak |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,659,710 |
TOTAL INVESTMENTS | 3,572,961 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 477,501 |
Other Loans | 7,225,485 |
TOTAL LOANS | 7,702,986 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,414 |
Land And Building | 120,829 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 175,938 |
All Other Assets | 36,902 |
TOTAL ASSETS | 22,259,912 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,402 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,404,474 |
Regular shares | 15,198,449 |
All Other Shares & Deposits | 721,335 |
TOTAL SHARES & DEPOSITS | 20,324,258 |
TOTAL LIABILITIES | 20,331,660 |
Regular Reserve | 225,094 |
Other Reserves | 0 |
Undivided Earnings | 1,703,158 |
TOTAL EQUITY | 1,928,252 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,259,912 |
INCOME & EXPENSE | |
Loan Income | 411,061 |
Investment Income | 60,154 |
Other Income | 105,733 |
Total Employee Compensation & Benefits | 233,001 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 156,889 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,162 |
Cost of Funds | 9,808 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 169,088 |
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