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THE STATE CREDIT UNION

Jun, 30, 2021 — THE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLESTON, WV with 0 branch location and about $85.03 million in total assets. Opened 33 years ago in 1988, THE STATE CREDIT UNION has about 8,579 members and employs 16 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 STREET EAST, P.O. B
CHARLESTON, WV 25305-0919
Phone:(304) 558-0566
Fax:(304) 558-0137
Website:http://www.wvpecu.org
Branches:0 branch locations
Members:8,579
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$85,025,994
CEO/Manager:BRENT R GRAY
Chairperson:CHARLES MCDANIEL

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,611,725
TOTAL INVESTMENTS 25,220,963
Loans Held for Sale 0
 
 Real Estate Loans 17,353,307
 Unsecured Loans 2,661,147
 Other Loans 24,877,874
 TOTAL LOANS 44,892,328
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -535,968
 Land And Building 780,528
 Other Fixed Assets 87,136
 NCUSIF Deposit 669,787
 All Other Assets 299,495
  TOTAL ASSETS 85,025,994
LIABILITIES & CAPITAL:  
 Dividends Payable 455,323
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 188,938
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,560,672
 Regular shares 52,346,606
 All Other Shares & Deposits 10,823,505
  TOTAL SHARES & DEPOSITS 71,730,783
  TOTAL LIABILITIES 72,375,044
 Regular Reserve 790,838
 Other Reserves 212,399
 Undivided Earnings 11,647,713
  TOTAL EQUITY 12,650,950
  TOTAL LIABILITIES, SHARES, & EQUITY 85,025,994
INCOME & EXPENSE  
 Loan Income 1,125,091
 Investment Income 178,486
 Other Income 159,918
 Total Employee Compensation & Benefits 634,007
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 563,961
 Non-operating Income & (Expense) 1,898
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 36,000
 Cost of Funds 78,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 267,380
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