Dec, 31, 2023 — HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION is a federal credit union headquartered in WEIRTON, WV with 1 branch location and about $23.86 million in total assets. Opened 52 years ago in 1972, HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION has about 1,500 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: | HANCOCK SCHOOL EMP. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 384 Penco Rd WEIRTON, WV 26062 |
| Phone: | (304) 723-5605 |
| Fax: | (304) 723-9655 |
| Website: | https://www.hsefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,500 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21115 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,858,521 |
| CEO/Manager: | David L Karas |
| Chairperson: | Gordon J Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 154,089 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,553,306 |
| Other Loans | 4,879,149 |
| TOTAL LOANS | 6,432,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,042 |
| Land And Building | 486,478 |
| Other Fixed Assets | 91,848 |
| NCUSIF Deposit | 195,975 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,858,521 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,754 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -22,939 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,483,381 |
| Regular shares | 16,035,842 |
| All Other Shares & Deposits | 2,796,795 |
| TOTAL SHARES & DEPOSITS | 21,316,018 |
| TOTAL LIABILITIES | 21,317,833 |
| Regular Reserve | 0 |
| Other Reserves | 574,374 |
| Undivided Earnings | 1,966,314 |
| TOTAL EQUITY | 2,540,688 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,858,521 |
| INCOME & EXPENSE | |
| Loan Income | 259,211 |
| Investment Income | 446,680 |
| Other Income | 9,187 |
| Total Employee Compensation & Benefits | 176,507 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 329,890 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 132,406 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 76,275 |
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