Jun, 30, 2021 — CAMC FEDERAL CREDIT UNION is a federal credit union headquartered in Charleston, WV with 1 branch location and about $78.82 million in total assets. Opened 44 years ago in 1977, CAMC FEDERAL CREDIT UNION has about 5,226 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAMC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3400 MacCorkle Avenue SE Charleston, WV 25304 |
| Phone: | (304) 388-5700 |
| Fax: | (304) 388-5730 |
| Website: | http://www.camcfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,226 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22657 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,815,049 |
| CEO/Manager: | Ashley D Morris |
| Chairperson: | J. Alan Shearer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,146,061 |
| TOTAL INVESTMENTS | 31,554,131 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,463,455 |
| Unsecured Loans | 841,775 |
| Other Loans | 10,183,495 |
| TOTAL LOANS | 33,488,725 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,465 |
| Land And Building | 591,126 |
| Other Fixed Assets | 89,464 |
| NCUSIF Deposit | 587,020 |
| All Other Assets | 502,987 |
| TOTAL ASSETS | 78,815,049 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 164,377 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,769,198 |
| Regular shares | 22,727,159 |
| All Other Shares & Deposits | 24,340,679 |
| TOTAL SHARES & DEPOSITS | 60,837,036 |
| TOTAL LIABILITIES | 61,001,413 |
| Regular Reserve | 742,254 |
| Other Reserves | 0 |
| Undivided Earnings | 17,071,382 |
| TOTAL EQUITY | 17,813,636 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,815,049 |
| INCOME & EXPENSE | |
| Loan Income | 644,454 |
| Investment Income | 207,195 |
| Other Income | 130,160 |
| Total Employee Compensation & Benefits | 425,604 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 506,543 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,500 |
| Cost of Funds | 65,738 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 234,036 |
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