Sep, 30, 2021 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $131.07 million in total assets. Opened 83 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,540 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: | 8,540 |
| 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: | $131,069,970 |
| CEO/Manager: | Scott A Benson |
| Chairperson: | Nell A Shelley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,636,876 |
| TOTAL INVESTMENTS | 15,780,366 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,986,486 |
| Unsecured Loans | 20,925,843 |
| Other Loans | 25,447,671 |
| TOTAL LOANS | 97,865,415 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -479,809 |
| Land And Building | 463,274 |
| Other Fixed Assets | 439,651 |
| NCUSIF Deposit | 1,130,621 |
| All Other Assets | 7,233,576 |
| TOTAL ASSETS | 131,069,970 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 527,217 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,780,973 |
| Regular shares | 45,425,337 |
| All Other Shares & Deposits | 45,035,361 |
| TOTAL SHARES & DEPOSITS | 113,241,671 |
| TOTAL LIABILITIES | 113,768,888 |
| Regular Reserve | 1,058,067 |
| Other Reserves | 554,454 |
| Undivided Earnings | 15,688,561 |
| TOTAL EQUITY | 17,301,082 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 131,069,970 |
| INCOME & EXPENSE | |
| Loan Income | 3,005,123 |
| Investment Income | 244,177 |
| Other Income | 646,443 |
| Total Employee Compensation & Benefits | 1,784,185 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,634,400 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,021 |
| Cost of Funds | 437,282 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 388,235 |
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