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TIN MILL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2021 — TIN MILL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Weirton, WV with 1 branch location and about $20.38 million in total assets. Opened 69 years ago in 1953, TIN MILL EMPLOYEES FEDERAL CREDIT UNION has about 1,280 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TIN MILL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
3016 West St
Weirton, WV 26062-4635
Phone:(304) 748-5811
Fax:(304) 748-5495
Website:http://tme-fcu.org
Branches:1 branch locations
Members:1,280
Credit Union Type:Federal Credit Union
Charter Number:8420
Membership Type:Multiple common bond - Primarily primary and fabricated metals
Corporate Credit Union:No
Year Opened:1953
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$20,376,815
CEO/Manager:Susan D Mains
Chairperson:Janet Stagani

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,313,008
TOTAL INVESTMENTS 11,936,946
Loans Held for Sale 0
 
 Real Estate Loans 784,140
 Unsecured Loans 246,178
 Other Loans 1,919,637
 TOTAL LOANS 2,949,955
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,011
 Land And Building 22,505
 Other Fixed Assets 11,046
 NCUSIF Deposit 148,135
 All Other Assets 9,231
  TOTAL ASSETS 20,376,815
LIABILITIES & CAPITAL:  
 Dividends Payable 14,117
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,844
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,511,147
 Regular shares 11,483,812
 All Other Shares & Deposits 3,504,750
  TOTAL SHARES & DEPOSITS 16,499,709
  TOTAL LIABILITIES 16,516,670
 Regular Reserve 526,628
 Other Reserves 1,882,389
 Undivided Earnings 1,451,128
  TOTAL EQUITY 3,860,145
  TOTAL LIABILITIES, SHARES, & EQUITY 20,376,815
INCOME & EXPENSE  
 Loan Income 85,904
 Investment Income 93,142
 Other Income 1,389
 Total Employee Compensation & Benefits 74,722
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 113,259
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 15,000
 Cost of Funds 28,902
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -40,484
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