Dec, 31, 2023 — NATRIUM EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PROCTOR, WV with 1 branch location and about $10.96 million in total assets. Opened 40 years ago in 1984, NATRIUM EMPLOYEES FEDERAL CREDIT UNION has about 716 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NATRIUM EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15710 Energy Rd PROCTOR, WV 26055-1302 |
| Phone: | (304) 455-6719 |
| Fax: | (304) 455-4881 |
| Website: | https://www.natriumefcu.com |
| Branches: | 1 branch locations |
| Members: | 716 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24090 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1984 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,964,162 |
| CEO/Manager: | Erin Glover |
| Chairperson: | Sue Hafer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 686,466 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 827,570 |
| Other Loans | 4,625,293 |
| TOTAL LOANS | 5,452,863 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,075 |
| Land And Building | 1 |
| Other Fixed Assets | 11,998 |
| NCUSIF Deposit | 117,114 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,964,162 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,390 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,354,219 |
| Regular shares | 7,533,981 |
| All Other Shares & Deposits | 49,066 |
| TOTAL SHARES & DEPOSITS | 9,937,266 |
| TOTAL LIABILITIES | 9,957,656 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,006,506 |
| TOTAL EQUITY | 1,006,506 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,964,162 |
| INCOME & EXPENSE | |
| Loan Income | 213,241 |
| Investment Income | 115,218 |
| Other Income | 12,386 |
| Total Employee Compensation & Benefits | 131,915 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 143,368 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 23,094 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 63,260 |
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