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.
Name: | MEMBERS CHOICE WV FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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