Dec, 31, 2023 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $128.34 million in total assets. Opened 85 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,463 members and employs 24 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: | https://truenergyfcu.org |
| Branches: | 1 branch locations |
| Members: | 8,463 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $128,339,025 |
| CEO/Manager: | Scott A Benson |
| Chairperson: | Nell A Shelley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,468,160 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,761,166 |
| Unsecured Loans | 18,233,799 |
| Other Loans | 19,509,349 |
| TOTAL LOANS | 96,727,576 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -941,336 |
| Land And Building | 459,661 |
| Other Fixed Assets | 383,294 |
| NCUSIF Deposit | 1,082,776 |
| All Other Assets | 0 |
| TOTAL ASSETS | 128,339,025 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,682 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,310,123 |
| Regular shares | 36,803,864 |
| All Other Shares & Deposits | 50,805,888 |
| TOTAL SHARES & DEPOSITS | 111,919,876 |
| TOTAL LIABILITIES | 111,931,558 |
| Regular Reserve | 0 |
| Other Reserves | -370,938 |
| Undivided Earnings | 16,778,405 |
| TOTAL EQUITY | 16,407,467 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 128,339,025 |
| INCOME & EXPENSE | |
| Loan Income | 4,644,532 |
| Investment Income | 1,033,882 |
| Other Income | 876,529 |
| Total Employee Compensation & Benefits | 2,197,414 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,436,937 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 798,502 |
| Cost of Funds | 1,197,617 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 189,715 |
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