Dec, 31, 2022 — TRUENERGY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, VA with 1 branch location and about $133.16 million in total assets. Opened 84 years ago in 1939, TRUENERGY FEDERAL CREDIT UNION has about 8,623 members and employs 23 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: | 8,623 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $133,157,815 |
| CEO/Manager: | Scott A Benson |
| Chairperson: | Nell A Shelley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,268,822 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,557,669 |
| Unsecured Loans | 16,834,014 |
| Other Loans | 22,425,629 |
| TOTAL LOANS | 95,094,258 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -715,158 |
| Land And Building | 527,038 |
| Other Fixed Assets | 520,348 |
| NCUSIF Deposit | 1,101,292 |
| All Other Assets | 0 |
| TOTAL ASSETS | 133,157,815 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 385,554 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,694,306 |
| Regular shares | 42,944,981 |
| All Other Shares & Deposits | 48,666,510 |
| TOTAL SHARES & DEPOSITS | 116,305,797 |
| TOTAL LIABILITIES | 116,691,351 |
| Regular Reserve | 0 |
| Other Reserves | -745,850 |
| Undivided Earnings | 17,212,314 |
| TOTAL EQUITY | 16,466,464 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 133,157,815 |
| INCOME & EXPENSE | |
| Loan Income | 3,083,052 |
| Investment Income | 321,271 |
| Other Income | 690,602 |
| Total Employee Compensation & Benefits | 1,640,683 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,755,066 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 431,010 |
| Cost of Funds | 349,406 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 324,968 |
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