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National Credit Union Service Organization

RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION

Mar, 31, 2021 — RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in BECKLEY, WV with 1 branch location and about $22.76 million in total assets. Opened 41 years ago in 1980, RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION has about 2,137 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:http://www.raleighcountyefcu.com
Branches:1 branch locations
Members:2,137
Credit Union Type:Federal Credit Union
Charter Number:23722
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1980
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$22,756,052
CEO/Manager:Damon J Hamby
Chairperson:Evert Mills

Call Report

  • Credit Builder
  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,424,744
TOTAL INVESTMENTS 10,071,925
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 753,591
 Other Loans 6,202,050
 TOTAL LOANS 6,955,641
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,870
 Land And Building 83,916
 Other Fixed Assets 31,314
 NCUSIF Deposit 157,788
 All Other Assets 64,594
  TOTAL ASSETS 22,756,052
LIABILITIES & CAPITAL:  
 Dividends Payable 60,376
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,633
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,384,805
 Regular shares 8,547,747
 All Other Shares & Deposits 8,014,971
  TOTAL SHARES & DEPOSITS 17,947,523
  TOTAL LIABILITIES 18,031,532
 Regular Reserve 1,055,000
 Other Reserves 0
 Undivided Earnings 3,669,520
  TOTAL EQUITY 4,724,520
  TOTAL LIABILITIES, SHARES, & EQUITY 22,756,052
INCOME & EXPENSE  
 Loan Income 108,261
 Investment Income 45,849
 Other Income 11,896
 Total Employee Compensation & Benefits 85,303
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 46,658
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,000
 Cost of Funds 25,322
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,723
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