Dec, 31, 2023 — WCU CREDIT UNION is a federally insured state chartered credit union headquartered in DECATUR, AL with 2 branch locations and about $33.83 million in total assets. Opened 76 years ago in 1948, WCU CREDIT UNION has about 3,356 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WCU CREDIT UNION |
---|---|
Address: (Main Office) | 2505 Highway 31 S DECATUR, AL 35603-1503 |
Phone: | (256) 355-5010 |
Fax: | (256) 355-2989 |
Website: | https://www.wcucu.com |
Branches: | 2 branch locations |
Members: | 3,356 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61150 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $33,828,711 |
CEO/Manager: | Steve Determan |
Chairperson: | Mark Moody |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,801,367 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,608,292 |
Unsecured Loans | 514,640 |
Other Loans | 14,345,503 |
TOTAL LOANS | 17,468,435 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,317 |
Land And Building | 2,069,103 |
Other Fixed Assets | 130,771 |
NCUSIF Deposit | 307,217 |
All Other Assets | 0 |
TOTAL ASSETS | 33,828,711 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 255,417 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,726,894 |
Regular shares | 18,196,641 |
All Other Shares & Deposits | 4,819,268 |
TOTAL SHARES & DEPOSITS | 30,742,803 |
TOTAL LIABILITIES | 30,998,220 |
Regular Reserve | 0 |
Other Reserves | 1,228,541 |
Undivided Earnings | 1,601,950 |
TOTAL EQUITY | 2,830,491 |
TOTAL LIABILITIES, SHARES, & EQUITY | 33,828,711 |
INCOME & EXPENSE | |
Loan Income | 904,989 |
Investment Income | 379,094 |
Other Income | 279,416 |
Total Employee Compensation & Benefits | 613,388 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 921,529 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 36,880 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 239,908 |
↑ Back to Top |