Dec, 31, 2023 — RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in BECKLEY, WV with 1 branch location and about $20.76 million in total assets. Opened 44 years ago in 1980, RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION has about 2,300 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: | RALEIGH CO. EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 105 Adair St BECKLEY, WV 25801-3733 |
Phone: | (304) 256-4600 |
Fax: | (304) 256-0888 |
Website: | https://www.raleighcountyefcu.com |
Branches: | 1 branch locations |
Members: | 2,300 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23722 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $20,760,867 |
CEO/Manager: | Damon J Hamby |
Chairperson: | Evert Mills |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,141,975 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 866,356 |
Other Loans | 7,931,824 |
TOTAL LOANS | 8,798,180 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,548 |
Land And Building | 32,757 |
Other Fixed Assets | 11,764 |
NCUSIF Deposit | 174,468 |
All Other Assets | 0 |
TOTAL ASSETS | 20,760,867 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 58,311 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 36,379 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,422,937 |
Regular shares | 9,027,262 |
All Other Shares & Deposits | 5,168,316 |
TOTAL SHARES & DEPOSITS | 15,618,516 |
TOTAL LIABILITIES | 15,713,206 |
Regular Reserve | 0 |
Other Reserves | 1,055,000 |
Undivided Earnings | 3,992,661 |
TOTAL EQUITY | 5,047,661 |
TOTAL LIABILITIES, SHARES, & EQUITY | 20,760,867 |
INCOME & EXPENSE | |
Loan Income | 524,650 |
Investment Income | 278,360 |
Other Income | 52,881 |
Total Employee Compensation & Benefits | 366,629 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 250,625 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,000 |
Cost of Funds | 95,936 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 177,854 |
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