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TWIN OAKS FEDERAL CREDIT UNION

Sep, 30, 2022 — TWIN OAKS FEDERAL CREDIT UNION is a federal credit union headquartered in APPLE GROVE, WV with 2 branch locations and about $7.79 million in total assets. Opened 46 years ago in 1977, TWIN OAKS FEDERAL CREDIT UNION has about 1,273 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:https://www.twinoaksfcu.com
Branches:2 branch locations
Members:1,273
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:$7,789,541
CEO/Manager:Carrie A Wamsley
Chairperson:Charles W Garland

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,401,558
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 682,423
 Other Loans 5,667,787
 TOTAL LOANS 6,350,210
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,720
 Land And Building 0
 Other Fixed Assets 8,822
 NCUSIF Deposit 70,671
 All Other Assets 0
  TOTAL ASSETS 7,789,541
LIABILITIES & CAPITAL:  
 Dividends Payable 957
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,417
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,378,886
 All Other Shares & Deposits 3,692,212
  TOTAL SHARES & DEPOSITS 7,071,098
  TOTAL LIABILITIES 7,077,472
 Regular Reserve 0
 Other Reserves 170,735
 Undivided Earnings 541,334
  TOTAL EQUITY 712,069
  TOTAL LIABILITIES, SHARES, & EQUITY 7,789,541
INCOME & EXPENSE  
 Loan Income 305,146
 Investment Income 5,168
 Other Income 24,473
 Total Employee Compensation & Benefits 141,577
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 98,259
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,000
 Cost of Funds 19,500
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 72,451
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