Dec, 31, 2020 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in Bridgeport, WV with 1 branch location and about $34.16 million in total assets. Opened 86 years ago in 1935, HOPE FEDERAL CREDIT UNION has about 2,346 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: | 2,346 |
| 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: | $34,162,400 |
| CEO/Manager: | Ronald E Bragg |
| Chairperson: | Kris M Wagner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,336,050 |
| TOTAL INVESTMENTS | 8,102,260 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,152,719 |
| Other Loans | 10,308,396 |
| TOTAL LOANS | 13,461,115 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,582 |
| Land And Building | 0 |
| Other Fixed Assets | 3,989 |
| NCUSIF Deposit | 258,904 |
| All Other Assets | 50,664 |
| TOTAL ASSETS | 34,162,400 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,926 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,603,827 |
| Regular shares | 22,378,075 |
| All Other Shares & Deposits | 3,380,790 |
| TOTAL SHARES & DEPOSITS | 27,362,692 |
| TOTAL LIABILITIES | 27,390,117 |
| Regular Reserve | 2,550,000 |
| Other Reserves | 0 |
| Undivided Earnings | 4,222,283 |
| TOTAL EQUITY | 6,772,283 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,162,400 |
| INCOME & EXPENSE | |
| Loan Income | 681,191 |
| Investment Income | 189,623 |
| Other Income | 10,526 |
| Total Employee Compensation & Benefits | 394,566 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 131,551 |
| Non-operating Income & (Expense) | 3,095 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 107,103 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 251,215 |
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