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 |
| 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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