Dec, 31, 2023 — ALDERSON FCI FEDERAL CREDIT UNION is a federal credit union headquartered in ALDERSON, WV with 2 branch locations and about $8.49 million in total assets. Opened 69 years ago in 1955, ALDERSON FCI FEDERAL CREDIT UNION has about 966 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALDERSON FCI FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box A ALDERSON, WV 24910-0990 |
Phone: | (304) 445-3300 |
Fax: | (304) 445-3363 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 966 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10520 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,489,824 |
CEO/Manager: | Carolyn Browning |
Chairperson: | Thomas C Harvey |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,023,348 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 952,186 |
Other Loans | 5,095,281 |
TOTAL LOANS | 6,047,468 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,785 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 83,015 |
All Other Assets | 0 |
TOTAL ASSETS | 8,489,824 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 35,336 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,498 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 6,754,377 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 6,754,377 |
TOTAL LIABILITIES | 6,792,211 |
Regular Reserve | 0 |
Other Reserves | 52,768 |
Undivided Earnings | 1,644,845 |
TOTAL EQUITY | 1,697,613 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,489,824 |
INCOME & EXPENSE | |
Loan Income | 381,806 |
Investment Income | 89,157 |
Other Income | 1,190 |
Total Employee Compensation & Benefits | 35,497 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 35,880 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,500 |
Cost of Funds | 144,776 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 249,731 |
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