Dec, 31, 2021 — PIONEER WEST VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 6 branch locations and about $226.24 million in total assets. Opened 82 years ago in 1940, PIONEER WEST VIRGINIA FEDERAL CREDIT UNION has about 19,385 members and employs 43 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: | http://www.pioneerwv.org |
| Branches: | 6 branch locations |
| Members: | 19,385 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $226,236,756 |
| CEO/Manager: | Dan McGowan |
| Chairperson: | William Milam |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 40,648,174 |
| TOTAL INVESTMENTS | 10,571,323 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 73,006,512 |
| Unsecured Loans | 10,822,947 |
| Other Loans | 77,263,060 |
| TOTAL LOANS | 161,092,519 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -479,530 |
| Land And Building | 9,021,730 |
| Other Fixed Assets | 782,346 |
| NCUSIF Deposit | 1,937,246 |
| All Other Assets | 2,662,948 |
| TOTAL ASSETS | 226,236,756 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 501,912 |
| Accounts Payable & Other Liabilities | 1,777,213 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,441,699 |
| Regular shares | 110,856,806 |
| All Other Shares & Deposits | 46,115,139 |
| TOTAL SHARES & DEPOSITS | 201,413,644 |
| TOTAL LIABILITIES | 203,692,769 |
| Regular Reserve | 4,877,468 |
| Other Reserves | 499,166 |
| Undivided Earnings | 17,167,353 |
| TOTAL EQUITY | 22,543,987 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 226,236,756 |
| INCOME & EXPENSE | |
| Loan Income | 5,635,654 |
| Investment Income | 148,963 |
| Other Income | 2,330,867 |
| Total Employee Compensation & Benefits | 3,893,693 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,660,495 |
| Non-operating Income & (Expense) | -46,726 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,889 |
| Cost of Funds | 333,447 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 270,031 |
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