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HOPE FEDERAL CREDIT UNION

Jun, 30, 2021 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in Bridgeport, WV with 1 branch location and about $35.57 million in total assets. Opened 86 years ago in 1935, HOPE FEDERAL CREDIT UNION has about 2,346 members and employs 4 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
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:2,346
Credit Union Type:Federal Credit Union
Charter Number:220
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1935
Last Audited:Feb 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$35,568,798
CEO/Manager:Michael A Dean
Chairperson:Kris M Wagner

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,728,337
TOTAL INVESTMENTS 9,346,608
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,896,210
 Other Loans 10,342,883
 TOTAL LOANS 13,239,093
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -50,843
 Land And Building 0
 Other Fixed Assets 4,007
 NCUSIF Deposit 267,521
 All Other Assets 34,075
  TOTAL ASSETS 35,568,798
LIABILITIES & CAPITAL:  
 Dividends Payable 14,920
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,031
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,560,673
 Regular shares 24,178,910
 All Other Shares & Deposits 2,982,768
  TOTAL SHARES & DEPOSITS 28,722,351
  TOTAL LIABILITIES 28,751,302
 Regular Reserve 2,550,000
 Other Reserves 0
 Undivided Earnings 4,267,496
  TOTAL EQUITY 6,817,496
  TOTAL LIABILITIES, SHARES, & EQUITY 35,568,798
INCOME & EXPENSE  
 Loan Income 314,073
 Investment Income 56,945
 Other Income 5,660
 Total Employee Compensation & Benefits 217,599
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,822
 Non-operating Income & (Expense) 1,381
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 49,426
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 45,212
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