Jun, 30, 2021 — COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) is a federal credit union headquartered in ALEXANDRIA, VA with 7 branch locations and about $477.95 million in total assets. Opened 77 years ago in 1944, COMMONWEALTH ONE FEDERAL CREDIT UNION (COFCU) has about 37,074 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 |
|---|---|
| Address: (Main Office) | PO BOX 9997 ALEXANDRIA, VA 22304 |
| Phone: | (703) 823-5211 |
| Fax: | (703) 650-4003 |
| Website: | http://www.cofcu.org |
| Branches: | 7 branch locations |
| Members: | 37,074 |
| 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: | $477,954,841 |
| CEO/Manager: | Isabel Gomez |
| Chairperson: | Rupert J Jennings |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 64,185,698 |
| TOTAL INVESTMENTS | 114,946,395 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 157,791,946 |
| Unsecured Loans | 43,029,668 |
| Other Loans | 68,029,988 |
| TOTAL LOANS | 268,851,602 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,175,306 |
| Land And Building | 4,770,745 |
| Other Fixed Assets | 1,482,762 |
| NCUSIF Deposit | 3,824,546 |
| All Other Assets | 22,068,399 |
| TOTAL ASSETS | 477,954,841 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 482,636 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,818,184 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 91,148,399 |
| Regular shares | 143,234,791 |
| All Other Shares & Deposits | 194,781,722 |
| TOTAL SHARES & DEPOSITS | 429,164,912 |
| TOTAL LIABILITIES | 431,465,732 |
| Regular Reserve | 6,298,552 |
| Other Reserves | 284,267 |
| Undivided Earnings | 39,906,290 |
| TOTAL EQUITY | 46,489,109 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 477,954,841 |
| INCOME & EXPENSE | |
| Loan Income | 6,322,473 |
| Investment Income | 559,689 |
| Other Income | 1,796,902 |
| Total Employee Compensation & Benefits | 3,295,435 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,251,559 |
| Non-operating Income & (Expense) | 97,429 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 452,947 |
| Cost of Funds | 1,132,175 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 834,479 |
| ↑ Back to Top | |