Dec, 31, 2020 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $136.87 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $136,866,251 |
| CEO/Manager: | Lynette W Smith |
| Chairperson: | William Garner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,123,757 |
| TOTAL INVESTMENTS | 16,590,226 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 31,692,224 |
| Unsecured Loans | 16,646,474 |
| Other Loans | 28,421,208 |
| TOTAL LOANS | 88,745,672 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -447,961 |
| Land And Building | 489,276 |
| Other Fixed Assets | 423,365 |
| NCUSIF Deposit | 948,423 |
| All Other Assets | 6,993,493 |
| TOTAL ASSETS | 136,866,251 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | 732,423 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,127,795 |
| Regular shares | 43,756,784 |
| All Other Shares & Deposits | 46,177,527 |
| TOTAL SHARES & DEPOSITS | 113,062,106 |
| TOTAL LIABILITIES | 119,794,529 |
| Regular Reserve | 1,058,067 |
| Other Reserves | 713,328 |
| Undivided Earnings | 15,300,327 |
| TOTAL EQUITY | 17,071,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 136,866,251 |
| INCOME & EXPENSE | |
| Loan Income | 3,766,594 |
| Investment Income | 519,106 |
| Other Income | 1,076,678 |
| Total Employee Compensation & Benefits | 2,227,082 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,955,419 |
| Non-operating Income & (Expense) | 81,050 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 241,324 |
| Cost of Funds | 959,214 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 60,389 |
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