Dec, 31, 2023 — CHARLESTON FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $13.04 million in total assets. Opened 65 years ago in 1959, CHARLESTON FEDERAL CREDIT UNION has about 1,277 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CHARLESTON FEDERAL CREDIT UNION |
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Address: (Main Office) | 300 VIRGINIA ST E RM 4203 CHARLESTON, WV 25301-2513 |
Phone: | (304) 347-3393 |
Fax: | (304) 347-3396 |
Website: | https://cfcuwv.virtualcu.net |
Branches: | 1 branch locations |
Members: | 1,277 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12922 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,038,384 |
CEO/Manager: | LEON KNAPP |
Chairperson: | RUDY O'DELL |
ASSETS: | $ Amount |
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Cash & Equivalents | 495,768 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,820,400 |
Other Loans | 6,389,215 |
TOTAL LOANS | 8,209,615 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,211 |
Land And Building | 0 |
Other Fixed Assets | 18 |
NCUSIF Deposit | 120,658 |
All Other Assets | 0 |
TOTAL ASSETS | 13,038,384 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,765 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,976 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 915,600 |
Regular shares | 7,132,599 |
All Other Shares & Deposits | 3,234,257 |
TOTAL SHARES & DEPOSITS | 11,282,456 |
TOTAL LIABILITIES | 11,299,197 |
Regular Reserve | 0 |
Other Reserves | 110,509 |
Undivided Earnings | 1,628,678 |
TOTAL EQUITY | 1,739,187 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,038,384 |
INCOME & EXPENSE | |
Loan Income | 422,677 |
Investment Income | 165,404 |
Other Income | 10,560 |
Total Employee Compensation & Benefits | 150,510 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 120,426 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,066 |
Cost of Funds | 68,336 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 235,828 |
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