Dec, 31, 2021 — HOME FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 2 branch locations and about $34.47 million in total assets. Opened 72 years ago in 1950, HOME FEDERAL CREDIT UNION has about 2,971 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOME FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 131 W Pike St CLARKSBURG, WV 26301 |
| Phone: | (304) 623-6800 |
| Fax: | |
| Website: | https://www.homefcu.org |
| Branches: | 2 branch locations |
| Members: | 2,971 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6674 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,469,927 |
| CEO/Manager: | Natisha K Swiger |
| Chairperson: | Kimberly Basnett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,949,422 |
| TOTAL INVESTMENTS | 10,426,704 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,544,093 |
| Unsecured Loans | 905,546 |
| Other Loans | 12,947,302 |
| TOTAL LOANS | 20,396,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,340 |
| Land And Building | 435,344 |
| Other Fixed Assets | 30,591 |
| NCUSIF Deposit | 262,707 |
| All Other Assets | 69,558 |
| TOTAL ASSETS | 34,469,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,849 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,345 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,992,225 |
| Regular shares | 20,379,263 |
| All Other Shares & Deposits | 3,032,970 |
| TOTAL SHARES & DEPOSITS | 29,404,458 |
| TOTAL LIABILITIES | 29,552,652 |
| Regular Reserve | 574,331 |
| Other Reserves | 0 |
| Undivided Earnings | 4,342,944 |
| TOTAL EQUITY | 4,917,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,469,927 |
| INCOME & EXPENSE | |
| Loan Income | 805,872 |
| Investment Income | 178,060 |
| Other Income | 91,664 |
| Total Employee Compensation & Benefits | 447,757 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 573,992 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 48,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 185,720 |
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