Jun, 30, 2021 — MEMBERS CHOICE WV FEDERAL CREDIT UNION is a federal credit union headquartered in Charleston, WV with 1 branch location and about $93.60 million in total assets. Opened 79 years ago in 1942, MEMBERS CHOICE WV FEDERAL CREDIT UNION has about 7,201 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS CHOICE WV FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O Box 20040 Charleston, WV 25362 |
| Phone: | (304) 346-5242 |
| Fax: | (304) 346-5262 |
| Website: | http://www.memberschoicewv.com |
| Branches: | 1 branch locations |
| Members: | 7,201 |
| 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: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $93,604,019 |
| CEO/Manager: | Stephanie J Rippetoe |
| Chairperson: | Raymond Joseph |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,903,179 |
| TOTAL INVESTMENTS | 52,338,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,019,249 |
| Unsecured Loans | 3,055,753 |
| Other Loans | 19,959,569 |
| TOTAL LOANS | 33,034,571 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -223,303 |
| Land And Building | 1,104,973 |
| Other Fixed Assets | 444,961 |
| NCUSIF Deposit | 635,466 |
| All Other Assets | 2,366,172 |
| TOTAL ASSETS | 93,604,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,718 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 85,432 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,791,381 |
| Regular shares | 49,148,037 |
| All Other Shares & Deposits | 19,146,261 |
| TOTAL SHARES & DEPOSITS | 76,085,679 |
| TOTAL LIABILITIES | 76,186,829 |
| Regular Reserve | 1,401,864 |
| Other Reserves | 0 |
| Undivided Earnings | 16,015,326 |
| TOTAL EQUITY | 17,417,190 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 93,604,019 |
| INCOME & EXPENSE | |
| Loan Income | 740,181 |
| Investment Income | 375,408 |
| Other Income | 322,391 |
| Total Employee Compensation & Benefits | 523,780 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 560,099 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,667 |
| Cost of Funds | 135,027 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 186,219 |
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