Dec, 31, 2022 — 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 $9.22 million in total assets. Opened 84 years ago in 1939, LOCAL NO. 317 I.A.F.F. CREDIT UNION has about 413 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: | 413 |
| 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: | Oct 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,218,495 |
| CEO/Manager: | William L Gill II |
| Chairperson: | Myron G Boggess II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,764,090 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 871,752 |
| Other Loans | 3,114,894 |
| TOTAL LOANS | 3,986,646 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,275 |
| Land And Building | 215,664 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 83,733 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,218,495 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,908 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,362,266 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,362,266 |
| TOTAL LIABILITIES | 8,368,174 |
| Regular Reserve | 0 |
| Other Reserves | 489,752 |
| Undivided Earnings | 360,569 |
| TOTAL EQUITY | 850,321 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,218,495 |
| INCOME & EXPENSE | |
| Loan Income | 178,897 |
| Investment Income | 15,508 |
| Other Income | 178 |
| Total Employee Compensation & Benefits | 47,260 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,246 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 66,523 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,554 |
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