Dec, 31, 2023 — HOME FEDERAL CREDIT UNION is a federal credit union headquartered in CLARKSBURG, WV with 2 branch locations and about $34.89 million in total assets. Opened 74 years ago in 1950, HOME FEDERAL CREDIT UNION has about 2,876 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOME FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 131 W Pike St CLARKSBURG, WV 26301 |
| Phone: | (304) 623-6800 |
| Fax: | |
| Website: | https://www.homefcu.org |
| Branches: | 2 branch locations |
| Members: | 2,876 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6674 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,889,317 |
| CEO/Manager: | Natisha K Swiger |
| Chairperson: | Roscoe G Workman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 744,852 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,010,712 |
| Unsecured Loans | 950,466 |
| Other Loans | 16,028,432 |
| TOTAL LOANS | 23,989,610 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,893 |
| Land And Building | 412,128 |
| Other Fixed Assets | 32,014 |
| NCUSIF Deposit | 299,676 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,889,317 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,607,563 |
| Accounts Payable & Other Liabilities | 33,803 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,731,844 |
| Regular shares | 17,418,424 |
| All Other Shares & Deposits | 5,082,791 |
| TOTAL SHARES & DEPOSITS | 28,233,059 |
| TOTAL LIABILITIES | 29,874,425 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,014,892 |
| TOTAL EQUITY | 5,014,892 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,889,317 |
| INCOME & EXPENSE | |
| Loan Income | 1,051,946 |
| Investment Income | 177,805 |
| Other Income | 115,008 |
| Total Employee Compensation & Benefits | 600,446 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 704,634 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 257,888 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 850 |
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