Dec, 31, 2020 — CAMC FEDERAL CREDIT UNION is a federal credit union headquartered in Charleston, WV with 1 branch location and about $77.79 million in total assets. Opened 44 years ago in 1977, CAMC FEDERAL CREDIT UNION has about 5,310 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: | 5,310 |
| 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: | $77,786,116 |
| CEO/Manager: | Ashley D Morris |
| Chairperson: | Lisa Gerencir |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,739,058 |
| TOTAL INVESTMENTS | 32,108,268 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,438,798 |
| Unsecured Loans | 925,161 |
| Other Loans | 10,845,590 |
| TOTAL LOANS | 33,209,549 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -123,971 |
| Land And Building | 597,117 |
| Other Fixed Assets | 87,724 |
| NCUSIF Deposit | 557,141 |
| All Other Assets | 611,230 |
| TOTAL ASSETS | 77,786,116 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 152,389 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,309,256 |
| Regular shares | 20,403,839 |
| All Other Shares & Deposits | 24,341,032 |
| TOTAL SHARES & DEPOSITS | 60,054,127 |
| TOTAL LIABILITIES | 60,206,516 |
| Regular Reserve | 742,254 |
| Other Reserves | 0 |
| Undivided Earnings | 16,837,346 |
| TOTAL EQUITY | 17,579,600 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 77,786,116 |
| INCOME & EXPENSE | |
| Loan Income | 1,374,444 |
| Investment Income | 611,000 |
| Other Income | 765,409 |
| Total Employee Compensation & Benefits | 842,847 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 935,642 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 233,647 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 738,717 |
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