Dec, 31, 2023 — LOCAL NO. 317 I.A.F.F. CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLESTON, WV with 1 branch location and about $9.09 million in total assets. Opened 85 years ago in 1939, LOCAL NO. 317 I.A.F.F. CREDIT UNION has about 461 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCAL NO. 317 I.A.F.F. CREDIT UNION |
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Address: (Main Office) | 205A Tennessee Ave CHARLESTON, WV 25302-2370 |
Phone: | (304) 345-9790 |
Fax: | (304) 345-9791 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 461 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68113 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,087,183 |
CEO/Manager: | William L Gill II |
Chairperson: | Myron G Boggess II |
ASSETS: | $ Amount |
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Cash & Equivalents | 963,488 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 973,534 |
Other Loans | 4,282,603 |
TOTAL LOANS | 5,256,137 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,513 |
Land And Building | 207,556 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 84,218 |
All Other Assets | 0 |
TOTAL ASSETS | 9,087,183 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,682 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 8,255,904 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 8,255,904 |
TOTAL LIABILITIES | 8,257,586 |
Regular Reserve | 0 |
Other Reserves | 489,751 |
Undivided Earnings | 339,846 |
TOTAL EQUITY | 829,597 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,087,183 |
INCOME & EXPENSE | |
Loan Income | 275,724 |
Investment Income | 133,604 |
Other Income | 247 |
Total Employee Compensation & Benefits | 68,177 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 58,032 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 266,735 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,631 |
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