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 |
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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 |
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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 |
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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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