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 |
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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 |
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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 |
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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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