Dec, 31, 2023 — UNION TRADES FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 3 branch locations and about $34.62 million in total assets. Opened 52 years ago in 1972, UNION TRADES FEDERAL CREDIT UNION has about 3,188 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNION TRADES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1925 Murdoch Ave PARKERSBURG, WV 26101-2528 |
Phone: | (304) 485-1421 |
Fax: | (304) 485-1487 |
Website: | https://uniontradesfcu.com |
Branches: | 3 branch locations |
Members: | 3,188 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21100 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1972 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,621,921 |
CEO/Manager: | Dianah M Angert |
Chairperson: | Lynford Lovell |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,846,402 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 741,977 |
Unsecured Loans | 1,473,568 |
Other Loans | 9,757,032 |
TOTAL LOANS | 11,972,577 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -141,527 |
Land And Building | 1,504,527 |
Other Fixed Assets | 140,354 |
NCUSIF Deposit | 292,632 |
All Other Assets | 0 |
TOTAL ASSETS | 34,621,921 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 95,944 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,352,479 |
Regular shares | 17,442,319 |
All Other Shares & Deposits | 7,536,464 |
TOTAL SHARES & DEPOSITS | 29,331,261 |
TOTAL LIABILITIES | 29,427,205 |
Regular Reserve | 0 |
Other Reserves | 878,227 |
Undivided Earnings | 4,316,489 |
TOTAL EQUITY | 5,194,716 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,621,921 |
INCOME & EXPENSE | |
Loan Income | 823,855 |
Investment Income | 511,549 |
Other Income | 269,187 |
Total Employee Compensation & Benefits | 480,219 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 711,965 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 51,510 |
Cost of Funds | 133,255 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 273,154 |
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