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HOPE FEDERAL CREDIT UNION

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

Call Report

  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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