Dec, 31, 2023 — THE UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in MORGANTOWN, WV with 4 branch locations and about $104.14 million in total assets. Opened 51 years ago in 1973, THE UNITED FEDERAL CREDIT UNION has about 6,154 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE UNITED FEDERAL CREDIT UNION |
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Address: (Main Office) | 3 Sunset Beach Rd MORGANTOWN, WV 26508-4431 |
Phone: | (304) 598-5010 |
Fax: | (304) 598-5019 |
Website: | https://www.tufcu.org |
Branches: | 4 branch locations |
Members: | 6,154 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21305 |
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Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $104,140,785 |
CEO/Manager: | Zachery B Ueltschy |
Chairperson: | James D Raley |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,380,236 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 46,614,502 |
Unsecured Loans | 2,354,011 |
Other Loans | 14,203,902 |
TOTAL LOANS | 73,199,782 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -583,699 |
Land And Building | 2,509,901 |
Other Fixed Assets | 106,822 |
NCUSIF Deposit | 749,346 |
All Other Assets | 394,680 |
TOTAL ASSETS | 104,140,785 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 188 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 361,094 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,815,168 |
Regular shares | 29,886,330 |
All Other Shares & Deposits | 34,335,173 |
TOTAL SHARES & DEPOSITS | 76,036,671 |
TOTAL LIABILITIES | 76,397,953 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 27,742,832 |
TOTAL EQUITY | 27,742,832 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,140,785 |
INCOME & EXPENSE | |
Loan Income | 3,893,445 |
Investment Income | 777,416 |
Other Income | 779,627 |
Total Employee Compensation & Benefits | 1,810,174 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,445,991 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 213,994 |
Cost of Funds | 876,672 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,381,769 |
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