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TWIN OAKS FEDERAL CREDIT UNION

Mar, 31, 2022 — TWIN OAKS FEDERAL CREDIT UNION is a federal credit union headquartered in APPLE GROVE, WV with 2 branch locations and about $7.95 million in total assets. Opened 45 years ago in 1977, TWIN OAKS FEDERAL CREDIT UNION has about 1,346 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TWIN OAKS FEDERAL CREDIT UNION
Address:
(Main Office)
27405 Huntington Rd
APPLE GROVE, WV 25502
Phone:(304) 576-4056
Fax:(304) 576-2447
Website:http://www.twinoaksfcu.com
Branches:2 branch locations
Members:1,346
Credit Union Type:Federal Credit Union
Charter Number:22681
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1977
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$7,954,734
CEO/Manager:Carrie A Wamsley
Chairperson:Charles W Garland

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,916,427
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 695,326
 Other Loans 5,317,239
 TOTAL LOANS 6,012,565
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -43,966
 Land And Building 0
 Other Fixed Assets 10,194
 NCUSIF Deposit 59,514
 All Other Assets 0
  TOTAL ASSETS 7,954,734
LIABILITIES & CAPITAL:  
 Dividends Payable 1,993
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,567
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,481,075
 All Other Shares & Deposits 3,790,789
  TOTAL SHARES & DEPOSITS 7,271,864
  TOTAL LIABILITIES 7,279,424
 Regular Reserve 0
 Other Reserves 170,735
 Undivided Earnings 504,575
  TOTAL EQUITY 675,310
  TOTAL LIABILITIES, SHARES, & EQUITY 7,954,734
INCOME & EXPENSE  
 Loan Income 100,846
 Investment Income 0
 Other Income 12,600
 Total Employee Compensation & Benefits 47,066
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 28,368
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 35,393
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