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MARSHALL COUNTY FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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