Dec, 31, 2021 — MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $10.06 million in total assets. Opened 46 years ago in 1976, MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,041 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: | MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1512 Mary Lou Retton Dr FAIRMONT, WV 26554 |
| Phone: | (304) 366-2390 |
| Fax: | (304) 366-2465 |
| Website: | http://www.schoolcu.virtualcu.net |
| Branches: | 1 branch locations |
| Members: | 1,041 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22428 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Oct 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,057,660 |
| CEO/Manager: | Marty Thomas |
| Chairperson: | Cathie Matheny |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 682,145 |
| TOTAL INVESTMENTS | 6,900,198 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 344,332 |
| Other Loans | 1,904,360 |
| TOTAL LOANS | 2,248,692 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,549 |
| Land And Building | 179,040 |
| Other Fixed Assets | 3,527 |
| NCUSIF Deposit | 76,607 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,057,660 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,237 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 790,806 |
| Regular shares | 7,059,592 |
| All Other Shares & Deposits | 491,394 |
| TOTAL SHARES & DEPOSITS | 8,341,792 |
| TOTAL LIABILITIES | 8,355,041 |
| Regular Reserve | 267,287 |
| Other Reserves | 0 |
| Undivided Earnings | 1,435,332 |
| TOTAL EQUITY | 1,702,619 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,057,660 |
| INCOME & EXPENSE | |
| Loan Income | 137,356 |
| Investment Income | 59,167 |
| Other Income | 7,859 |
| Total Employee Compensation & Benefits | 143,222 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 104,126 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,482 |
| Cost of Funds | 4,227 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -36,711 |
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