Dec, 31, 2021 — CAMC FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $81.04 million in total assets. Opened 45 years ago in 1977, CAMC FEDERAL CREDIT UNION has about 5,121 members and employs 13 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 Ave SE CHARLESTON, WV 25304 |
| Phone: | (304) 388-5700 |
| Fax: | (304) 388-5730 |
| Website: | http://www.camcfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,121 |
| 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: | Aug 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,042,399 |
| CEO/Manager: | Ashley D Morris |
| Chairperson: | J. Alan Shearer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,269,538 |
| TOTAL INVESTMENTS | 39,548,006 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,108,202 |
| Unsecured Loans | 819,741 |
| Other Loans | 9,732,965 |
| TOTAL LOANS | 32,660,908 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,911 |
| Land And Building | 643,000 |
| Other Fixed Assets | 70,583 |
| NCUSIF Deposit | 588,513 |
| All Other Assets | 427,762 |
| TOTAL ASSETS | 81,042,399 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 146,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,906,411 |
| Regular shares | 23,339,538 |
| All Other Shares & Deposits | 23,515,973 |
| TOTAL SHARES & DEPOSITS | 62,761,922 |
| TOTAL LIABILITIES | 62,908,516 |
| Regular Reserve | 742,254 |
| Other Reserves | 0 |
| Undivided Earnings | 17,391,629 |
| TOTAL EQUITY | 18,133,883 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,042,399 |
| INCOME & EXPENSE | |
| Loan Income | 1,299,476 |
| Investment Income | 361,119 |
| Other Income | 272,262 |
| Total Employee Compensation & Benefits | 845,127 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,010,423 |
| Non-operating Income & (Expense) | 873 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,000 |
| Cost of Funds | 106,376 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 554,284 |
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