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HOPE FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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