Dec, 31, 2021 — LOCAL NO. 317 I.A.F.F. CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLESTON, WV with 1 branch location and about $9.19 million in total assets. Opened 83 years ago in 1939, LOCAL NO. 317 I.A.F.F. CREDIT UNION has about 404 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOCAL NO. 317 I.A.F.F. CREDIT UNION |
|---|---|
| Address: (Main Office) | 205A Tennessee Ave CHARLESTON, WV 25302-2370 |
| Phone: | (304) 345-9790 |
| Fax: | (304) 345-9791 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 404 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68113 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,191,608 |
| CEO/Manager: | William L Gill II |
| Chairperson: | Myron G Boggess II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,093,544 |
| TOTAL INVESTMENTS | 1,036,765 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 858,095 |
| Other Loans | 3,003,972 |
| TOTAL LOANS | 3,862,067 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,085 |
| Land And Building | 220,528 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 79,519 |
| All Other Assets | 3,270 |
| TOTAL ASSETS | 9,191,608 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,520 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,373,321 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,373,321 |
| TOTAL LIABILITIES | 8,382,841 |
| Regular Reserve | 319,015 |
| Other Reserves | 0 |
| Undivided Earnings | 489,752 |
| TOTAL EQUITY | 808,767 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,191,608 |
| INCOME & EXPENSE | |
| Loan Income | 237,520 |
| Investment Income | 20,675 |
| Other Income | 294 |
| Total Employee Compensation & Benefits | 63,455 |
| NCUSIF Premiums Expense | 9,159 |
| Total Other Operating Expenses | 40,382 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 143,857 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,636 |
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