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.
Name: | COMMONWEALTH ONE FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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