Sep, 30, 2025 — LONG REACH FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLEBOURNE, WV with 5 branch locations and about $175.12 million in total assets. Opened 51 years ago in 1975, LONG REACH FEDERAL CREDIT UNION has about 10,668 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LONG REACH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 315 Main St MIDDLEBOURNE, WV 26149-9602 |
| Phone: | (304) 758-4308 |
| Fax: | (304) 758-4236 |
| Website: | https://www.lrefcu.org |
| Branches: | 5 branch locations |
| Members: | 10,668 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22241 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $175,120,282 |
| CEO/Manager: | Steven Reed |
| Chairperson: | Gregory K Arnott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,988,078 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,697,063 |
| Unsecured Loans | 14,529,322 |
| Other Loans | 76,106,505 |
| TOTAL LOANS | 119,332,890 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,034,729 |
| Land And Building | 5,253,929 |
| Other Fixed Assets | 30,360 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,335,130 |
| All Other Assets | 128,289 |
| TOTAL ASSETS | 175,120,282 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 174,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,807,588 |
| Regular shares | 54,347,998 |
| All Other Shares & Deposits | 81,932,989 |
| TOTAL SHARES & DEPOSITS | 157,088,575 |
| TOTAL LIABILITIES | 157,263,054 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 17,857,228 |
| TOTAL EQUITY | 17,857,228 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 175,120,282 |
| INCOME & EXPENSE | |
| Loan Income | 5,471,573 |
| Investment Income | 1,338,899 |
| Other Income | 538,644 |
| Total Employee Compensation & Benefits | 1,759,658 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,872,614 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 732,200 |
| Cost of Funds | 2,226,011 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,377,594 |
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