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MARION COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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