Dec, 31, 2021 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, WV with 1 branch location and about $36.06 million in total assets. Opened 87 years ago in 1935, HOPE FEDERAL CREDIT UNION has about 2,297 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOPE FEDERAL CREDIT UNION |
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Address: (Main Office) | 925 White Oaks Blvd. BRIDGEPORT, WV 26330 |
Phone: | (681) 842-3065 |
Fax: | (681) 842-3045 |
Website: | http://www.hopefcu.com |
Branches: | 1 branch locations |
Members: | 2,297 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 220 |
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Membership Type: | Service - Communications and Utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jul 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $36,055,399 |
CEO/Manager: | Michael A Dean |
Chairperson: | Kris M Wagner |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,826,076 |
TOTAL INVESTMENTS | 9,350,973 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,838,656 |
Other Loans | 10,727,086 |
TOTAL LOANS | 13,565,742 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,207 |
Land And Building | 0 |
Other Fixed Assets | 3,510 |
NCUSIF Deposit | 267,521 |
All Other Assets | 53,784 |
TOTAL ASSETS | 36,055,399 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,171 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 27,842 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,725,116 |
Regular shares | 24,610,537 |
All Other Shares & Deposits | 2,720,378 |
TOTAL SHARES & DEPOSITS | 29,056,031 |
TOTAL LIABILITIES | 29,095,044 |
Regular Reserve | 2,550,000 |
Other Reserves | 0 |
Undivided Earnings | 4,410,355 |
TOTAL EQUITY | 6,960,355 |
TOTAL LIABILITIES, SHARES, & EQUITY | 36,055,399 |
INCOME & EXPENSE | |
Loan Income | 623,543 |
Investment Income | 160,503 |
Other Income | 12,486 |
Total Employee Compensation & Benefits | 372,432 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 147,697 |
Non-operating Income & (Expense) | 2,840 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 91,172 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 188,071 |
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