Mar, 31, 2022 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $135.40 million in total assets. Opened 83 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,319 members and employs 22 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: | 8,319 |
| 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: | $135,400,947 |
| CEO/Manager: | Scott A Benson |
| Chairperson: | Nell A Shelley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,020,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 36,032,675 |
| Unsecured Loans | 18,465,321 |
| Other Loans | 24,527,589 |
| TOTAL LOANS | 97,897,743 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -580,180 |
| Land And Building | 441,248 |
| Other Fixed Assets | 512,842 |
| NCUSIF Deposit | 1,066,220 |
| All Other Assets | 3,500 |
| TOTAL ASSETS | 135,400,947 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 250,380 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,369,495 |
| Regular shares | 47,184,064 |
| All Other Shares & Deposits | 45,822,891 |
| TOTAL SHARES & DEPOSITS | 118,376,450 |
| TOTAL LIABILITIES | 118,626,830 |
| Regular Reserve | 0 |
| Other Reserves | -157,712 |
| Undivided Earnings | 16,931,829 |
| TOTAL EQUITY | 16,774,117 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 135,400,947 |
| INCOME & EXPENSE | |
| Loan Income | 1,023,264 |
| Investment Income | 82,823 |
| Other Income | 253,212 |
| Total Employee Compensation & Benefits | 574,511 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 573,508 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,138 |
| Cost of Funds | 105,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,483 |
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