Dec, 31, 2023 — MEMBERS CHOICE WV FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLESTON, WV with 1 branch location and about $90.97 million in total assets. Opened 82 years ago in 1942, MEMBERS CHOICE WV FEDERAL CREDIT UNION has about 6,159 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMBERS CHOICE WV FEDERAL CREDIT UNION |
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Address: (Main Office) | 201 Ohio Ave CHARLESTON, WV 25302-2209 |
Phone: | (304) 346-5242 |
Fax: | (304) 346-5262 |
Website: | https://www.memberschoicewv.com |
Branches: | 1 branch locations |
Members: | 6,159 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4969 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $90,969,165 |
CEO/Manager: | Stephanie J Rippetoe |
Chairperson: | Raymond Joseph |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,680,533 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,549,057 |
Unsecured Loans | 2,373,518 |
Other Loans | 23,652,235 |
TOTAL LOANS | 39,453,358 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -287,805 |
Land And Building | 1,239,347 |
Other Fixed Assets | 198,103 |
NCUSIF Deposit | 702,195 |
All Other Assets | 55,902 |
TOTAL ASSETS | 90,969,165 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 150 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 450,514 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,343,069 |
Regular shares | 38,685,908 |
All Other Shares & Deposits | 24,870,983 |
TOTAL SHARES & DEPOSITS | 71,899,960 |
TOTAL LIABILITIES | 72,350,624 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 18,618,541 |
TOTAL EQUITY | 18,618,541 |
TOTAL LIABILITIES, SHARES, & EQUITY | 90,969,165 |
INCOME & EXPENSE | |
Loan Income | 1,857,122 |
Investment Income | 864,678 |
Other Income | 511,325 |
Total Employee Compensation & Benefits | 1,192,071 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,367,732 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
Cost of Funds | 524,063 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 482,630 |
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