Jun, 30, 2021 — MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Fairmont, WV with 1 branch location and about $10.13 million in total assets. Opened 45 years ago in 1976, MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 1,069 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: | 1,069 |
| 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: | $10,129,372 |
| CEO/Manager: | Marty Thomas |
| Chairperson: | Cathie Matheny |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 436,407 |
| TOTAL INVESTMENTS | 7,064,482 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 372,803 |
| Other Loans | 2,019,876 |
| TOTAL LOANS | 2,392,679 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,874 |
| Land And Building | 176,089 |
| Other Fixed Assets | 6,836 |
| NCUSIF Deposit | 76,607 |
| All Other Assets | 16,146 |
| TOTAL ASSETS | 10,129,372 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 82,158 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 806,800 |
| Regular shares | 7,042,912 |
| All Other Shares & Deposits | 487,769 |
| TOTAL SHARES & DEPOSITS | 8,337,481 |
| TOTAL LIABILITIES | 8,419,639 |
| Regular Reserve | 267,287 |
| Other Reserves | -398 |
| Undivided Earnings | 1,442,844 |
| TOTAL EQUITY | 1,709,733 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,129,372 |
| INCOME & EXPENSE | |
| Loan Income | 67,291 |
| Investment Income | 23,231 |
| Other Income | 4,267 |
| Total Employee Compensation & Benefits | 70,165 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,159 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21 |
| Cost of Funds | 2,441 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -25,900 |
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