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National Credit Union Service Organization

O. F. TOALSTON FEDERAL CREDIT UNION

Mar, 31, 2022 — O. F. TOALSTON FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, WV with 1 branch location and about $491,169 in total assets. Opened 73 years ago in 1949, O. F. TOALSTON FEDERAL CREDIT UNION has about 175 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:175
Credit Union Type:Federal Credit Union
Charter Number:6239
Membership Type:Service - Communications and Utilities
Corporate Credit Union:No
Year Opened:1949
Last Audited:Jan 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$491,169
CEO/Manager:Michelle Barrett
Chairperson:Gerald Dotson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 60,748
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 188,074
 Other Loans 266,791
 TOTAL LOANS 454,865
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,341
 Land And Building 0
 Other Fixed Assets 1,561
 NCUSIF Deposit 4,115
 All Other Assets 0
  TOTAL ASSETS 491,169
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 22,008
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 164,577
 All Other Shares & Deposits 228,761
  TOTAL SHARES & DEPOSITS 393,338
  TOTAL LIABILITIES 415,346
 Regular Reserve 0
 Other Reserves 21,694
 Undivided Earnings 54,129
  TOTAL EQUITY 75,823
  TOTAL LIABILITIES, SHARES, & EQUITY 491,169
INCOME & EXPENSE  
 Loan Income 12,452
 Investment Income 354
 Other Income 0
 Total Employee Compensation & Benefits 3,891
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 0
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,417
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,498
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