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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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