Dec, 31, 2021 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $134.27 million in total assets. Opened 83 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,577 members and employs 21 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 |
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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: | 8,577 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3323 |
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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: | $134,274,339 |
CEO/Manager: | Scott A Benson |
Chairperson: | Nell A Shelley |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,120,655 |
TOTAL INVESTMENTS | 15,312,520 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,252,467 |
Unsecured Loans | 19,468,769 |
Other Loans | 24,989,246 |
TOTAL LOANS | 94,097,637 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -500,406 |
Land And Building | 452,261 |
Other Fixed Assets | 415,950 |
NCUSIF Deposit | 1,066,220 |
All Other Assets | 7,309,502 |
TOTAL ASSETS | 134,274,339 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 233,501 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,585,860 |
Regular shares | 45,381,352 |
All Other Shares & Deposits | 45,804,008 |
TOTAL SHARES & DEPOSITS | 116,771,220 |
TOTAL LIABILITIES | 117,004,721 |
Regular Reserve | 1,058,067 |
Other Reserves | 382,272 |
Undivided Earnings | 15,829,279 |
TOTAL EQUITY | 17,269,618 |
TOTAL LIABILITIES, SHARES, & EQUITY | 134,274,339 |
INCOME & EXPENSE | |
Loan Income | 4,059,301 |
Investment Income | 324,000 |
Other Income | 873,492 |
Total Employee Compensation & Benefits | 2,316,168 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,218,066 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 272,487 |
Cost of Funds | 548,923 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 528,954 |
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