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LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Logan, WV with 1 branch location and about $1.46 million in total assets. Opened 36 years ago in 1985, LOGAN COUNTY SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 422 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)
PO 601
Logan, WV 25601
Phone:(304) 752-1513
Fax:(304) 752-4747
Website:n/a
Branches:1 branch locations
Members:422
Credit Union Type:Federal Credit Union
Charter Number:24200
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1985
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,462,919
CEO/Manager:Dena Spry
Chairperson:JoAnn Gore

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 757,428
TOTAL INVESTMENTS 409,645
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 287,400
 Other Loans 0
 TOTAL LOANS 287,400
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,043
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 10,583
 All Other Assets 7,906
  TOTAL ASSETS 1,462,919
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,041
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,202,968
 All Other Shares & Deposits 38,430
  TOTAL SHARES & DEPOSITS 1,241,398
  TOTAL LIABILITIES 1,245,439
 Regular Reserve 50,414
 Other Reserves 0
 Undivided Earnings 167,066
  TOTAL EQUITY 217,480
  TOTAL LIABILITIES, SHARES, & EQUITY 1,462,919
INCOME & EXPENSE  
 Loan Income 9,301
 Investment Income 1,975
 Other Income 246
 Total Employee Compensation & Benefits 3,683
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,444
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 281
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,114
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