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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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