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RALEIGH COUNTY FEDERAL CREDIT UNION

Dec, 31, 2020 — RALEIGH COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in BECKLEY, WV with 1 branch location and about $15.70 million in total assets. Opened 69 years ago in 1952, RALEIGH COUNTY FEDERAL CREDIT UNION has about 1,900 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:RALEIGH COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
200 VETERANS AVE
BECKLEY, WV 25801
Phone:(304) 253-6279
Fax:(304) 253-6290
Website:http://www.raleighcountyfcu.com
Branches:1 branch locations
Members:1,900
Credit Union Type:Federal Credit Union
Charter Number:7790
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1952
Last Audited:Apr 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,696,455
CEO/Manager:Donna R Kauff
Chairperson:Sheila Zeto

Call Report

  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,117,430
TOTAL INVESTMENTS 1,190,677
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,379,690
 Other Loans 11,813,623
 TOTAL LOANS 13,193,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -23,259
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 117,769
 All Other Assets 100,525
  TOTAL ASSETS 15,696,455
LIABILITIES & CAPITAL:  
 Dividends Payable 9,072
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 72,689
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,929,717
 Regular shares 7,474,954
 All Other Shares & Deposits 3,182,279
  TOTAL SHARES & DEPOSITS 13,586,950
  TOTAL LIABILITIES 13,668,711
 Regular Reserve 330,885
 Other Reserves 0
 Undivided Earnings 1,696,859
  TOTAL EQUITY 2,027,744
  TOTAL LIABILITIES, SHARES, & EQUITY 15,696,455
INCOME & EXPENSE  
 Loan Income 698,377
 Investment Income 31,725
 Other Income 159,106
 Total Employee Compensation & Benefits 457,202
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 194,026
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,000
 Cost of Funds 47,885
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 184,095
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