Dec, 31, 2022 — PIONEER WEST VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 6 branch locations and about $235.99 million in total assets. Opened 83 years ago in 1940, PIONEER WEST VIRGINIA FEDERAL CREDIT UNION has about 18,119 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PIONEER WEST VIRGINIA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1316 Kanawha Blvd E CHARLESTON, WV 25301 |
| Phone: | (304) 348-6648 |
| Fax: | (304) 347-7473 |
| Website: | https://www.pioneerwv.org |
| Branches: | 6 branch locations |
| Members: | 18,119 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3576 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $235,992,378 |
| CEO/Manager: | Dan McGowan |
| Chairperson: | William Milam |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,163,307 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 76,025,740 |
| Unsecured Loans | 10,198,978 |
| Other Loans | 73,486,312 |
| TOTAL LOANS | 159,711,030 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -389,369 |
| Land And Building | 9,876,247 |
| Other Fixed Assets | 917,256 |
| NCUSIF Deposit | 1,960,727 |
| All Other Assets | 23,833 |
| TOTAL ASSETS | 235,992,378 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,500,000 |
| Accounts Payable & Other Liabilities | 1,596,440 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 45,710,310 |
| Regular shares | 112,466,832 |
| All Other Shares & Deposits | 44,834,050 |
| TOTAL SHARES & DEPOSITS | 203,011,192 |
| TOTAL LIABILITIES | 215,107,632 |
| Regular Reserve | 0 |
| Other Reserves | 2,912,739 |
| Undivided Earnings | 17,972,007 |
| TOTAL EQUITY | 20,884,746 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 235,992,378 |
| INCOME & EXPENSE | |
| Loan Income | 4,200,763 |
| Investment Income | 936,642 |
| Other Income | 1,856,706 |
| Total Employee Compensation & Benefits | 3,017,152 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,962,451 |
| Non-operating Income & (Expense) | 20,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 286,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 806,654 |
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