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COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU)

Dec, 31, 2021 — COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) is a federal credit union headquartered in ALEXANDRIA, VA with 7 branch locations and about $489.18 million in total assets. Opened 78 years ago in 1944, COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) has about 34,548 members and employs 78 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: 256078365
Name:COMMONWEALTH ONE FEDERAL CREDIT UNION
Address:
(Main Office)
4875 Eisenhower Ave
ALEXANDRIA, VA 22304-4886
Phone:(703) 823-5211
Fax:(703) 650-4003
Website:http://www.cofcu.org
Branches:7 branch locations
Members:34,548
Credit Union Type:Federal Credit Union
Charter Number:5134
Membership Type:Multiple common bond - Primarily military
Corporate Credit Union:No
Year Opened:1944
Last Audited:Mar 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$489,178,462
CEO/Manager:Frank Wasson
Chairperson:Rupert J Jennings

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 61,995,275
TOTAL INVESTMENTS 119,512,061
Loans Held for Sale 0
 
 Real Estate Loans 171,663,188
 Unsecured Loans 43,050,882
 Other Loans 63,736,013
 TOTAL LOANS 278,450,083
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,970,511
 Land And Building 4,834,112
 Other Fixed Assets 1,340,184
 NCUSIF Deposit 4,043,819
 All Other Assets 20,973,439
  TOTAL ASSETS 489,178,462
LIABILITIES & CAPITAL:  
 Dividends Payable 415,594
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,303,591
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 100,730,026
 Regular shares 146,118,349
 All Other Shares & Deposits 194,103,971
  TOTAL SHARES & DEPOSITS 440,952,346
  TOTAL LIABILITIES 442,671,531
 Regular Reserve 6,298,552
 Other Reserves -571,252
 Undivided Earnings 40,779,631
  TOTAL EQUITY 46,506,931
  TOTAL LIABILITIES, SHARES, & EQUITY 489,178,462
INCOME & EXPENSE  
 Loan Income 12,282,948
 Investment Income 1,191,673
 Other Income 3,646,033
 Total Employee Compensation & Benefits 6,827,210
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,321,218
 Non-operating Income & (Expense) 202,153
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 808,825
 Cost of Funds 2,135,054
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,707,819
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