Dec, 31, 2023 — U S EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRMONT, WV with 1 branch location and about $736,535 in total assets. Opened 74 years ago in 1950, U S EMPLOYEES FEDERAL CREDIT UNION has about 124 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | U S EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 331 Madison St FAIRMONT, WV 26554-3124 |
| Phone: | (304) 366-0910 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 124 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6672 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $736,535 |
| CEO/Manager: | James R Emerick |
| Chairperson: | Brandy I Lanham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 124,811 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 67,284 |
| Other Loans | 345,169 |
| TOTAL LOANS | 412,454 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,170 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 5,827 |
| All Other Assets | 0 |
| TOTAL ASSETS | 736,535 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,119 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 191,084 |
| All Other Shares & Deposits | 468,293 |
| TOTAL SHARES & DEPOSITS | 659,377 |
| TOTAL LIABILITIES | 660,496 |
| Regular Reserve | 0 |
| Other Reserves | 60,000 |
| Undivided Earnings | 16,039 |
| TOTAL EQUITY | 76,039 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 736,535 |
| INCOME & EXPENSE | |
| Loan Income | 30,125 |
| Investment Income | 3,909 |
| Other Income | -284 |
| Total Employee Compensation & Benefits | 14,189 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,499 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,129 |
| Cost of Funds | 8,905 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,928 |
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