Dec, 31, 2023 — WHITE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in SEARCY, AR with 2 branch locations and about $16.70 million in total assets. Opened 66 years ago in 1958, WHITE COUNTY FEDERAL CREDIT UNION has about 2,472 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WHITE COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 508 W BEEBE CAPPS EXPY SEARCY, AR 72143-6652 |
| Phone: | (501) 268-3122 |
| Fax: | (501) 268-7850 |
| Website: | https://whitecountyfcu.org |
| Branches: | 2 branch locations |
| Members: | 2,472 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24428 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,696,197 |
| CEO/Manager: | William T McKnight |
| Chairperson: | Greg Young |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,049,594 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 240,676 |
| Unsecured Loans | 686,278 |
| Other Loans | 14,086,958 |
| TOTAL LOANS | 15,013,913 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -188,733 |
| Land And Building | 429,070 |
| Other Fixed Assets | 31,346 |
| NCUSIF Deposit | 143,747 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,696,197 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 375,021 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,072,270 |
| Regular shares | 7,969,516 |
| All Other Shares & Deposits | 4,719,504 |
| TOTAL SHARES & DEPOSITS | 13,761,290 |
| TOTAL LIABILITIES | 14,136,311 |
| Regular Reserve | 0 |
| Other Reserves | 192,234 |
| Undivided Earnings | 2,367,652 |
| TOTAL EQUITY | 2,559,886 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,696,197 |
| INCOME & EXPENSE | |
| Loan Income | 966,053 |
| Investment Income | 23,857 |
| Other Income | 89,048 |
| Total Employee Compensation & Benefits | 398,692 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 384,282 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,933 |
| Cost of Funds | 158,292 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 183,937 |
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