Dec, 31, 2023 — MORGANTOWN A E S FEDERAL CREDIT UNION is a federal credit union headquartered in MORGANTOWN, WV with 2 branch locations and about $43.34 million in total assets. Opened 69 years ago in 1955, MORGANTOWN A E S FEDERAL CREDIT UNION has about 4,423 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MORGANTOWN A E S FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1133 Van Voorhis Rd MORGANTOWN, WV 26505 |
| Phone: | (304) 599-9600 |
| Fax: | (304) 599-1300 |
| Website: | https://www.aesfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,423 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10695 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,338,746 |
| CEO/Manager: | Vicki L Moore |
| Chairperson: | Georganne St.Clair |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 822,418 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,208,513 |
| Unsecured Loans | 1,298,452 |
| Other Loans | 14,418,823 |
| TOTAL LOANS | 22,064,824 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,136 |
| Land And Building | 1,967,826 |
| Other Fixed Assets | 64,278 |
| NCUSIF Deposit | 421,454 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,338,746 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 142 |
| Notes & Interest Payable | 528,161 |
| Accounts Payable & Other Liabilities | 37,595 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,526,951 |
| Regular shares | 26,339,371 |
| All Other Shares & Deposits | 3,589,130 |
| TOTAL SHARES & DEPOSITS | 39,455,452 |
| TOTAL LIABILITIES | 40,021,350 |
| Regular Reserve | 0 |
| Other Reserves | 1,340,251 |
| Undivided Earnings | 1,977,145 |
| TOTAL EQUITY | 3,317,396 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,338,746 |
| INCOME & EXPENSE | |
| Loan Income | 987,582 |
| Investment Income | 393,845 |
| Other Income | 126,986 |
| Total Employee Compensation & Benefits | 740,691 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 701,270 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,456 |
| Cost of Funds | 121,432 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 181,568 |
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