Mar, 31, 2021 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $142.08 million in total assets. Opened 82 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,660 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TRUENERGY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6801 INDUSTRIAL RD SPRINGFIELD, VA 22151 |
| Phone: | (703) 750-4394 |
| Fax: | (703) 750-7626 |
| Website: | http://truenergyfcu.org |
| Branches: | 1 branch locations |
| Members: | 8,660 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3323 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $142,079,016 |
| CEO/Manager: | Lynette W Smith |
| Chairperson: | William Garner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,342,242 |
| TOTAL INVESTMENTS | 16,025,501 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,587,844 |
| Unsecured Loans | 19,778,707 |
| Other Loans | 28,252,644 |
| TOTAL LOANS | 95,994,618 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -470,432 |
| Land And Building | 478,429 |
| Other Fixed Assets | 390,866 |
| NCUSIF Deposit | 1,130,621 |
| All Other Assets | 8,187,171 |
| TOTAL ASSETS | 142,079,016 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 1,015,195 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,167,399 |
| Regular shares | 47,720,692 |
| All Other Shares & Deposits | 46,119,800 |
| TOTAL SHARES & DEPOSITS | 118,007,891 |
| TOTAL LIABILITIES | 125,023,086 |
| Regular Reserve | 1,058,067 |
| Other Reserves | 647,355 |
| Undivided Earnings | 15,350,508 |
| TOTAL EQUITY | 17,055,930 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,079,016 |
| INCOME & EXPENSE | |
| Loan Income | 958,210 |
| Investment Income | 88,127 |
| Other Income | 247,002 |
| Total Employee Compensation & Benefits | 598,790 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 529,039 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 178,083 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,182 |
| ↑ Back to Top | |