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 |
| 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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