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MEMBERS CHOICE WV FEDERAL CREDIT UNION

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.


ABA Routing Number: 251983798
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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