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O. F. TOALSTON FEDERAL CREDIT UNION

Jun, 30, 2021 — O. F. TOALSTON FEDERAL CREDIT UNION is a federal credit union headquartered in Logan, WV with 1 branch location and about $463,744 in total assets. Opened 72 years ago in 1949, O. F. TOALSTON FEDERAL CREDIT UNION has about 170 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:O. F. TOALSTON FEDERAL CREDIT UNION
Address:
(Main Office)
96 Riverview Ave
Logan, WV 25601
Phone:(304) 792-2356
Fax:(304) 792-2356
Website:n/a
Branches:1 branch locations
Members:170
Credit Union Type:Federal Credit Union
Charter Number:6239
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jul 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$463,744
CEO/Manager:Michelle Barrett
Chairperson:Gerald Dotson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,415
TOTAL INVESTMENTS 2,976
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 153,691
 Other Loans 302,713
 TOTAL LOANS 456,404
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,288
 Land And Building 0
 Other Fixed Assets 2,321
 NCUSIF Deposit 3,916
 All Other Assets 0
  TOTAL ASSETS 463,744
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 784
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 197,235
 All Other Shares & Deposits 201,422
  TOTAL SHARES & DEPOSITS 398,657
  TOTAL LIABILITIES 399,441
 Regular Reserve 21,694
 Other Reserves 0
 Undivided Earnings 42,609
  TOTAL EQUITY 64,303
  TOTAL LIABILITIES, SHARES, & EQUITY 463,744
INCOME & EXPENSE  
 Loan Income 18,980
 Investment Income 1
 Other Income 75
 Total Employee Compensation & Benefits 10,765
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,459
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 741
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,091
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