Dec, 31, 2021 — MARTINSBURG V.A. CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in KEARNEYSVILLE, WV with 1 branch location and about $17.41 million in total assets. Opened 46 years ago in 1976, MARTINSBURG V.A. CENTER FEDERAL CREDIT UNION has about 1,753 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: | 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: | 1,753 |
| 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: | $17,406,459 |
| CEO/Manager: | Sherry L Peck |
| Chairperson: | Gary T Budd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,752,479 |
| TOTAL INVESTMENTS | 11,176,995 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 475,188 |
| Unsecured Loans | 884,666 |
| Other Loans | 2,725,769 |
| TOTAL LOANS | 4,085,623 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,488 |
| Land And Building | 164,183 |
| Other Fixed Assets | 3,428 |
| NCUSIF Deposit | 149,622 |
| All Other Assets | 80,617 |
| TOTAL ASSETS | 17,406,459 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,942 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,035,765 |
| Regular shares | 11,395,446 |
| All Other Shares & Deposits | 256,969 |
| TOTAL SHARES & DEPOSITS | 15,688,180 |
| TOTAL LIABILITIES | 15,707,122 |
| Regular Reserve | 395,070 |
| Other Reserves | 0 |
| Undivided Earnings | 1,304,267 |
| TOTAL EQUITY | 1,699,337 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,406,459 |
| INCOME & EXPENSE | |
| Loan Income | 209,852 |
| Investment Income | 136,085 |
| Other Income | 62,204 |
| Total Employee Compensation & Benefits | 218,672 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 183,633 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,202 |
| Cost of Funds | 6,063 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,429 |
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