Sep, 30, 2025 — RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in BECKLEY, WV with 1 branch location and about $21.41 million in total assets. Opened 46 years ago in 1980, RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION has about 2,287 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: | RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 105 Adair St BECKLEY, WV 25801-3733 |
| Phone: | (304) 256-4600 |
| Fax: | (304) 256-0888 |
| Website: | https://www.raleighcountyefcu.com |
| Branches: | 1 branch locations |
| Members: | 2,287 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23722 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,413,798 |
| CEO/Manager: | Damon J Hamby |
| Chairperson: | Evert Mills |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,457,224 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 881,341 |
| Other Loans | 7,759,094 |
| TOTAL LOANS | 8,640,434 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,566 |
| Land And Building | 0 |
| Other Fixed Assets | 1,032 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 158,095 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,413,798 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 92,281 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 63,648 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,471,147 |
| Regular shares | 9,085,511 |
| All Other Shares & Deposits | 5,336,843 |
| TOTAL SHARES & DEPOSITS | 15,893,501 |
| TOTAL LIABILITIES | 16,049,430 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,364,368 |
| TOTAL EQUITY | 5,364,368 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,413,798 |
| INCOME & EXPENSE | |
| Loan Income | 449,851 |
| Investment Income | 254,307 |
| Other Income | 59,528 |
| Total Employee Compensation & Benefits | 312,080 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 188,762 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,301 |
| Cost of Funds | 124,661 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 156,496 |
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