Sep, 30, 2025 — PRESTON FEDERAL CREDIT UNION is a federal credit union headquartered in KINGWOOD, WV with 1 branch location and about $30.20 million in total assets. Opened 48 years ago in 1978, PRESTON FEDERAL CREDIT UNION has about 1,902 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: | PRESTON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 434 E MAIN ST KINGWOOD, WV 26537-1722 |
| Phone: | (304) 329-2699 |
| Fax: | (304) 329-2522 |
| Website: | https://www.prestonfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,902 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23015 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,198,668 |
| CEO/Manager: | Cheri L Wooten |
| Chairperson: | ROBERT L SYPOLT |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 954,233 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 915,221 |
| Unsecured Loans | 556,879 |
| Other Loans | 7,684,893 |
| TOTAL LOANS | 9,156,993 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,695 |
| Land And Building | 276,537 |
| Other Fixed Assets | 104,024 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 243,789 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,198,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,198 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,528 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,257,792 |
| Regular shares | 15,545,257 |
| All Other Shares & Deposits | 8,400,251 |
| TOTAL SHARES & DEPOSITS | 26,203,300 |
| TOTAL LIABILITIES | 26,222,026 |
| Regular Reserve | 0 |
| Other Reserves | 127,303 |
| Undivided Earnings | 3,849,339 |
| TOTAL EQUITY | 3,976,642 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,198,668 |
| INCOME & EXPENSE | |
| Loan Income | 428,144 |
| Investment Income | 527,811 |
| Other Income | 27,726 |
| Total Employee Compensation & Benefits | 215,114 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 214,979 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,348 |
| Cost of Funds | 309,135 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 219,328 |
| ↑ Back to Top | |