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National Credit Union Service Organization

RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION

Dec, 31, 2020 — RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in BECKLEY, WV with 1 branch location and about $22.10 million in total assets. Opened 41 years ago in 1980, RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION has about 2,157 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:2,157
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:$22,095,176
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 4,491,854
TOTAL INVESTMENTS 10,071,925
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 811,098
 Other Loans 6,425,278
 TOTAL LOANS 7,236,376
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,163
 Land And Building 88,928
 Other Fixed Assets 33,726
 NCUSIF Deposit 157,788
 All Other Assets 54,742
  TOTAL ASSETS 22,095,176
LIABILITIES & CAPITAL:  
 Dividends Payable 67,633
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 29,180
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,372,524
 Regular shares 8,439,654
 All Other Shares & Deposits 7,481,422
  TOTAL SHARES & DEPOSITS 17,293,600
  TOTAL LIABILITIES 17,390,413
 Regular Reserve 1,055,000
 Other Reserves 0
 Undivided Earnings 3,649,763
  TOTAL EQUITY 4,704,763
  TOTAL LIABILITIES, SHARES, & EQUITY 22,095,176
INCOME & EXPENSE  
 Loan Income 458,723
 Investment Income 204,395
 Other Income 101,766
 Total Employee Compensation & Benefits 341,323
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 194,263
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 34,150
 Cost of Funds 95,378
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 99,770
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