Dec, 31, 2023 — WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 3 branch locations and about $299.66 million in total assets. Opened 55 years ago in 1969, WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION has about 22,430 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1306 Murdoch Ave PARKERSBURG, WV 26101-3238 |
| Phone: | (304) 485-4523 |
| Fax: | (304) 424-0718 |
| Website: | https://www.wvccu.org |
| Branches: | 3 branch locations |
| Members: | 22,430 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24888 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $299,659,400 |
| CEO/Manager: | Michael A Tucker |
| Chairperson: | Doug Reeder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,630,129 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 98,268,451 |
| Unsecured Loans | 5,335,001 |
| Other Loans | 109,378,972 |
| TOTAL LOANS | 212,982,424 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -754,971 |
| Land And Building | 3,965,282 |
| Other Fixed Assets | 283,426 |
| NCUSIF Deposit | 2,399,087 |
| All Other Assets | 32,655 |
| TOTAL ASSETS | 299,659,400 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 19,000,000 |
| Accounts Payable & Other Liabilities | 390,577 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,084,348 |
| Regular shares | 154,809,436 |
| All Other Shares & Deposits | 51,641,072 |
| TOTAL SHARES & DEPOSITS | 245,534,856 |
| TOTAL LIABILITIES | 264,925,433 |
| Regular Reserve | 0 |
| Other Reserves | -1,548,208 |
| Undivided Earnings | 36,282,175 |
| TOTAL EQUITY | 34,733,967 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 299,659,400 |
| INCOME & EXPENSE | |
| Loan Income | 8,554,816 |
| Investment Income | 1,478,972 |
| Other Income | 919,828 |
| Total Employee Compensation & Benefits | 2,851,906 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,644,314 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,000 |
| Cost of Funds | 3,501,382 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,566,157 |
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