Mar, 31, 2021 — MARTINSBURG V.A. CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in KEARNEYSVILLE, WV with 1 branch location and about $17.32 million in total assets. Opened 45 years ago in 1976, MARTINSBURG V.A. CENTER FEDERAL CREDIT UNION has about 1,773 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARTINSBURG V.A. CENTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2971 CHARLES TOWN RD KEARNEYSVILLE, WV 25430 |
| Phone: | (304) 263-3454 |
| Fax: | (304) 263-7389 |
| Website: | http://martinsburgfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,773 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22337 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,320,219 |
| CEO/Manager: | Sherry L Peck |
| Chairperson: | Gary T Budd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,204,793 |
| TOTAL INVESTMENTS | 10,076,566 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 716,528 |
| Unsecured Loans | 918,291 |
| Other Loans | 3,022,543 |
| TOTAL LOANS | 4,657,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,684 |
| Land And Building | 168,867 |
| Other Fixed Assets | 7,625 |
| NCUSIF Deposit | 130,250 |
| All Other Assets | 83,440 |
| TOTAL ASSETS | 17,320,219 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,269 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,900,095 |
| Regular shares | 11,432,422 |
| All Other Shares & Deposits | 266,853 |
| TOTAL SHARES & DEPOSITS | 15,599,370 |
| TOTAL LIABILITIES | 15,614,639 |
| Regular Reserve | 395,070 |
| Other Reserves | 0 |
| Undivided Earnings | 1,310,510 |
| TOTAL EQUITY | 1,705,580 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,320,219 |
| INCOME & EXPENSE | |
| Loan Income | 50,361 |
| Investment Income | 33,482 |
| Other Income | 10,077 |
| Total Employee Compensation & Benefits | 50,554 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 46,970 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,464 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,187 |
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