Jun, 30, 2021 — MARSHALL COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in Moundsville, WV with 1 branch location and about $21.93 million in total assets. Opened 47 years ago in 1974, MARSHALL COUNTY FEDERAL CREDIT UNION has about 2,786 members and employs 7 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 third Street Moundsville, WV 26041 |
| Phone: | (304) 843-1179 |
| Fax: | (304) 843-1263 |
| Website: | http://www.marshallcountyfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,786 |
| 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: | $21,925,971 |
| CEO/Manager: | Russ D Hall |
| Chairperson: | Paul F Chavanak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,976,587 |
| TOTAL INVESTMENTS | 2,972,433 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 463,445 |
| Other Loans | 7,170,991 |
| TOTAL LOANS | 7,634,436 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,414 |
| Land And Building | 132,907 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 175,938 |
| All Other Assets | 38,084 |
| TOTAL ASSETS | 21,925,971 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,921 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,557,201 |
| Regular shares | 14,782,246 |
| All Other Shares & Deposits | 711,494 |
| TOTAL SHARES & DEPOSITS | 20,050,941 |
| TOTAL LIABILITIES | 20,098,862 |
| Regular Reserve | 225,094 |
| Other Reserves | 0 |
| Undivided Earnings | 1,602,015 |
| TOTAL EQUITY | 1,827,109 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,925,971 |
| INCOME & EXPENSE | |
| Loan Income | 195,685 |
| Investment Income | 24,499 |
| Other Income | 48,397 |
| Total Employee Compensation & Benefits | 100,115 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 69,552 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 4,580 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 94,334 |
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