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National Credit Union Service Organization

THE STATE CREDIT UNION

Dec, 31, 2020 — THE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLESTON, WV with 0 branch location and about $81.23 million in total assets. Opened 33 years ago in 1988, THE STATE CREDIT UNION has about 8,362 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 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:8,362
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$81,234,030
CEO/Manager:BRENT R GRAY
Chairperson:CHARLES MCDANIEL

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,420,269
TOTAL INVESTMENTS 26,001,472
Loans Held for Sale 0
 
 Real Estate Loans 18,451,201
 Unsecured Loans 2,851,521
 Other Loans 22,126,393
 TOTAL LOANS 43,429,115
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -509,007
 Land And Building 799,509
 Other Fixed Assets 69,796
 NCUSIF Deposit 629,871
 All Other Assets 393,005
  TOTAL ASSETS 81,234,030
LIABILITIES & CAPITAL:  
 Dividends Payable 437,047
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 76,484
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,527,222
 Regular shares 49,282,885
 All Other Shares & Deposits 10,595,417
  TOTAL SHARES & DEPOSITS 68,405,524
  TOTAL LIABILITIES 68,919,055
 Regular Reserve 790,839
 Other Reserves 143,803
 Undivided Earnings 11,380,333
  TOTAL EQUITY 12,314,975
  TOTAL LIABILITIES, SHARES, & EQUITY 81,234,030
INCOME & EXPENSE  
 Loan Income 2,228,999
 Investment Income 530,700
 Other Income 542,801
 Total Employee Compensation & Benefits 1,174,053
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,059,358
 Non-operating Income & (Expense) 101
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 54,000
 Cost of Funds 208,904
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 806,286
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