Dec, 31, 2023 — TWIN OAKS FEDERAL CREDIT UNION is a federal credit union headquartered in APPLE GROVE, WV with 2 branch locations and about $6.92 million in total assets. Opened 47 years ago in 1977, TWIN OAKS FEDERAL CREDIT UNION has about 1,284 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TWIN OAKS FEDERAL CREDIT UNION |
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Address: (Main Office) | 27405 Huntington Rd APPLE GROVE, WV 25502 |
Phone: | (304) 576-4056 |
Fax: | (304) 576-2447 |
Website: | https://www.twinoaksfcu.com |
Branches: | 2 branch locations |
Members: | 1,284 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22681 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,917,330 |
CEO/Manager: | Shelbie Vance |
Chairperson: | Charles W Garland |
ASSETS: | $ Amount |
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Cash & Equivalents | 324,138 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 707,135 |
Other Loans | 5,850,384 |
TOTAL LOANS | 6,557,521 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,803 |
Land And Building | 0 |
Other Fixed Assets | 7,856 |
NCUSIF Deposit | 64,618 |
All Other Assets | 0 |
TOTAL ASSETS | 6,917,330 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,425 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,178 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,513,977 |
All Other Shares & Deposits | 2,651,345 |
TOTAL SHARES & DEPOSITS | 6,165,322 |
TOTAL LIABILITIES | 6,174,925 |
Regular Reserve | 0 |
Other Reserves | 170,735 |
Undivided Earnings | 571,670 |
TOTAL EQUITY | 742,405 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,917,330 |
INCOME & EXPENSE | |
Loan Income | 456,342 |
Investment Income | 9,760 |
Other Income | 25,429 |
Total Employee Compensation & Benefits | 188,704 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 159,253 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
Cost of Funds | 102,613 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,961 |
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