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LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in STOLLINGS, WV with 1 branch location and about $1.49 million in total assets. Opened 37 years ago in 1985, LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 396 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
144 Vocational Rd
STOLLINGS, WV 25646
Phone:(304) 752-1513
Fax:(304) 752-4747
Website:n/a
Branches:1 branch locations
Members:396
Credit Union Type:Federal Credit Union
Charter Number:24200
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1985
Last Audited:Nov 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,488,482
CEO/Manager:Dena Spry
Chairperson:JoAnn Gore

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 717,339
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 345,167
 Other Loans 0
 TOTAL LOANS 345,167
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -738
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 11,439
 All Other Assets 0
  TOTAL ASSETS 1,488,482
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,039
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,220,979
 All Other Shares & Deposits 38,430
  TOTAL SHARES & DEPOSITS 1,259,409
  TOTAL LIABILITIES 1,265,448
 Regular Reserve 0
 Other Reserves 50,413
 Undivided Earnings 172,621
  TOTAL EQUITY 223,034
  TOTAL LIABILITIES, SHARES, & EQUITY 1,488,482
INCOME & EXPENSE  
 Loan Income 11,924
 Investment Income 2,012
 Other Income 703
 Total Employee Compensation & Benefits 4,485
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,798
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 289
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,067
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