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MEMBERS CHOICE WV FEDERAL CREDIT UNION

Dec, 31, 2021 — MEMBERS CHOICE WV FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $94.09 million in total assets. Opened 80 years ago in 1942, MEMBERS CHOICE WV FEDERAL CREDIT UNION has about 7,202 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251983798
Name:MEMBERS CHOICE WV FEDERAL CREDIT UNION
Address:
(Main Office)
201 Ohio Ave
CHARLESTON, WV 25302-2209
Phone:(304) 346-5242
Fax:(304) 346-5262
Website:http://www.memberschoicewv.com
Branches:1 branch locations
Members:7,202
Credit Union Type:Federal Credit Union
Charter Number:4969
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1942
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$94,092,213
CEO/Manager:Stephanie J Rippetoe
Chairperson:Raymond Joseph

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,107,828
TOTAL INVESTMENTS 51,595,000
Loans Held for Sale 252,200
 
 Real Estate Loans 9,290,850
 Unsecured Loans 2,493,261
 Other Loans 19,998,294
 TOTAL LOANS 31,782,405
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -257,253
 Land And Building 1,175,585
 Other Fixed Assets 311,051
 NCUSIF Deposit 731,575
 All Other Assets 2,393,822
  TOTAL ASSETS 94,092,213
LIABILITIES & CAPITAL:  
 Dividends Payable 15,717
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -38,879
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,229,051
 Regular shares 48,751,627
 All Other Shares & Deposits 19,427,968
  TOTAL SHARES & DEPOSITS 76,408,646
  TOTAL LIABILITIES 76,385,484
 Regular Reserve 1,401,864
 Other Reserves 0
 Undivided Earnings 16,304,865
  TOTAL EQUITY 17,706,729
  TOTAL LIABILITIES, SHARES, & EQUITY 94,092,213
INCOME & EXPENSE  
 Loan Income 1,480,581
 Investment Income 786,745
 Other Income 688,695
 Total Employee Compensation & Benefits 1,069,630
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,041,953
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 105,000
 Cost of Funds 232,333
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 537,094
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