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RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION

Sep, 30, 2021 — RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in BECKLEY, WV with 1 branch location and about $22.05 million in total assets. Opened 41 years ago in 1980, RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION has about 2,150 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:2,150
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:$22,052,470
CEO/Manager:Damon J Hamby
Chairperson:Evert Mills

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,742,220
TOTAL INVESTMENTS 10,072,925
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 670,779
 Other Loans 6,254,732
 TOTAL LOANS 6,925,511
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,407
 Land And Building 75,090
 Other Fixed Assets 26,492
 NCUSIF Deposit 167,675
 All Other Assets 66,964
  TOTAL ASSETS 22,052,470
LIABILITIES & CAPITAL:  
 Dividends Payable 35,205
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 24,772
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,356,777
 Regular shares 8,641,059
 All Other Shares & Deposits 7,250,794
  TOTAL SHARES & DEPOSITS 17,248,630
  TOTAL LIABILITIES 17,308,607
 Regular Reserve 1,055,000
 Other Reserves 0
 Undivided Earnings 3,688,863
  TOTAL EQUITY 4,743,863
  TOTAL LIABILITIES, SHARES, & EQUITY 22,052,470
INCOME & EXPENSE  
 Loan Income 327,630
 Investment Income 123,622
 Other Income 37,954
 Total Employee Compensation & Benefits 265,214
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 141,918
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 17,000
 Cost of Funds 60,738
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 39,099
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