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 |
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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 |
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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 |
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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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