Jun, 30, 2021 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $134.62 million in total assets. Opened 82 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,722 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: | 8,722 |
| 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: | $134,618,079 |
| CEO/Manager: | Lynette W Smith |
| Chairperson: | William Garner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,101,415 |
| TOTAL INVESTMENTS | 13,878,027 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,371,266 |
| Unsecured Loans | 20,336,569 |
| Other Loans | 25,436,159 |
| TOTAL LOANS | 94,145,114 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -437,288 |
| Land And Building | 467,582 |
| Other Fixed Assets | 404,480 |
| NCUSIF Deposit | 1,130,621 |
| All Other Assets | 7,928,128 |
| TOTAL ASSETS | 134,618,079 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 530,529 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,473,803 |
| Regular shares | 46,558,737 |
| All Other Shares & Deposits | 45,985,489 |
| TOTAL SHARES & DEPOSITS | 117,018,029 |
| TOTAL LIABILITIES | 117,548,558 |
| Regular Reserve | 1,058,067 |
| Other Reserves | 596,092 |
| Undivided Earnings | 15,415,362 |
| TOTAL EQUITY | 17,069,521 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,618,079 |
| INCOME & EXPENSE | |
| Loan Income | 1,980,378 |
| Investment Income | 167,340 |
| Other Income | 441,356 |
| Total Employee Compensation & Benefits | 1,188,165 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,069,300 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 70,000 |
| Cost of Funds | 319,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 115,036 |
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