Sep, 30, 2025 — THE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLESTON, WV with 2 branch locations and about $91.33 million in total assets. Opened 38 years ago in 1988, THE STATE CREDIT UNION has about 8,399 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2200 WASHINGTON ST E CHARLESTON, WV 25311-2219 |
| Phone: | (304) 558-0566 |
| Fax: | (304) 558-0137 |
| Website: | https://www.wvpecu.org |
| Branches: | 2 branch locations |
| Members: | 8,399 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67222 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1988 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,331,263 |
| CEO/Manager: | BRENT R GRAY |
| Chairperson: | CHARLES MCDANIEL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,377,701 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,304,328 |
| Unsecured Loans | 2,999,352 |
| Other Loans | 31,724,955 |
| TOTAL LOANS | 53,028,634 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -553,308 |
| Land And Building | 675,787 |
| Other Fixed Assets | 219,217 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 687,420 |
| All Other Assets | 0 |
| TOTAL ASSETS | 91,331,263 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 200,277 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 323,491 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,023,129 |
| Regular shares | 47,481,273 |
| All Other Shares & Deposits | 17,757,232 |
| TOTAL SHARES & DEPOSITS | 73,261,634 |
| TOTAL LIABILITIES | 73,785,402 |
| Regular Reserve | 0 |
| Other Reserves | 1,084,411 |
| Undivided Earnings | 16,461,450 |
| TOTAL EQUITY | 17,545,861 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,331,263 |
| INCOME & EXPENSE | |
| Loan Income | 2,385,838 |
| Investment Income | 986,561 |
| Other Income | 331,247 |
| Total Employee Compensation & Benefits | 1,053,967 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,010,639 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 79,000 |
| Cost of Funds | 639,626 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,105,295 |
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