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MEMBERS CHOICE WV FEDERAL CREDIT UNION

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.


ABA Routing Number: 251983798
Name:MEMBERS CHOICE WV FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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