Mar, 31, 2021 — MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Fairmont, WV with 1 branch location and about $10.28 million in total assets. Opened 45 years ago in 1976, MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,073 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: | 1,073 |
| 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: | $10,282,182 |
| CEO/Manager: | Marty Thomas |
| Chairperson: | Cathie Matheny |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,911,654 |
| TOTAL INVESTMENTS | 3,876,198 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 395,087 |
| Other Loans | 1,871,980 |
| TOTAL LOANS | 2,267,067 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,405 |
| Land And Building | 177,236 |
| Other Fixed Assets | 7,631 |
| NCUSIF Deposit | 63,499 |
| All Other Assets | 19,302 |
| TOTAL ASSETS | 10,282,182 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 80,226 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 986,612 |
| Regular shares | 7,008,119 |
| All Other Shares & Deposits | 487,416 |
| TOTAL SHARES & DEPOSITS | 8,482,147 |
| TOTAL LIABILITIES | 8,562,373 |
| Regular Reserve | 267,287 |
| Other Reserves | 0 |
| Undivided Earnings | 1,452,522 |
| TOTAL EQUITY | 1,719,809 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,282,182 |
| INCOME & EXPENSE | |
| Loan Income | 31,886 |
| Investment Income | 12,168 |
| Other Income | 1,374 |
| Total Employee Compensation & Benefits | 34,038 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,786 |
| Non-operating Income & (Expense) | 2,626 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,405 |
| Cost of Funds | 1,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -55,364 |
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