Dec, 31, 2023 — APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $5.92 million in total assets. Opened 88 years ago in 1936, APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION has about 885 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | APPALACHIAN POWER EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1122 7TH AVE HUNTINGTON, WV 25701 |
| Phone: | (304) 696-1399 |
| Fax: | (304) 696-1397 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 885 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1463 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,919,269 |
| CEO/Manager: | ALECIA D GROSE |
| Chairperson: | James D Finley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 154,677 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 408,383 |
| Other Loans | 4,313,480 |
| TOTAL LOANS | 4,721,863 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,886 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 48,348 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,919,269 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,698 |
| Notes & Interest Payable | 175,000 |
| Accounts Payable & Other Liabilities | 8,063 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 137,606 |
| Regular shares | 4,252,283 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 4,389,888 |
| TOTAL LIABILITIES | 4,589,649 |
| Regular Reserve | 0 |
| Other Reserves | 242,000 |
| Undivided Earnings | 1,087,620 |
| TOTAL EQUITY | 1,329,620 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,919,269 |
| INCOME & EXPENSE | |
| Loan Income | 191,121 |
| Investment Income | 43,755 |
| Other Income | 896 |
| Total Employee Compensation & Benefits | 95,859 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 52,611 |
| Non-operating Income & (Expense) | 612 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 67,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,522 |
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