Dec, 31, 2023 — WYMAR FEDERAL CREDIT UNION is a federal credit union headquartered in GEISMAR, LA with 1 branch location and about $148.00 million in total assets. Opened 66 years ago in 1958, WYMAR FEDERAL CREDIT UNION has about 4,965 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WYMAR FEDERAL CREDIT UNION |
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Address: (Main Office) | 37269 Highway 30 GEISMAR, LA 70734 |
Phone: | (225) 673-7191 |
Fax: | (225) 612-6405 |
Website: | https://www.wymarfcu.com |
Branches: | 1 branch locations |
Members: | 4,965 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12330 |
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Membership Type: | Manufacturing - Chemicals |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $148,003,576 |
CEO/Manager: | Ronnie L Stephens |
Chairperson: | Danny G Robert |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,474,306 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 71,597,219 |
Unsecured Loans | 4,220,743 |
Other Loans | 36,000,447 |
TOTAL LOANS | 111,818,409 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,580 |
Land And Building | 1,101,134 |
Other Fixed Assets | 440,151 |
NCUSIF Deposit | 1,147,736 |
All Other Assets | 0 |
TOTAL ASSETS | 148,003,576 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 401,863 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,113,821 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,956,186 |
Regular shares | 60,374,080 |
All Other Shares & Deposits | 48,588,306 |
TOTAL SHARES & DEPOSITS | 125,918,572 |
TOTAL LIABILITIES | 127,434,256 |
Regular Reserve | 0 |
Other Reserves | -2,815,635 |
Undivided Earnings | 23,384,955 |
TOTAL EQUITY | 20,569,320 |
TOTAL LIABILITIES, SHARES, & EQUITY | 148,003,576 |
INCOME & EXPENSE | |
Loan Income | 5,086,134 |
Investment Income | 1,226,395 |
Other Income | 94,629 |
Total Employee Compensation & Benefits | 1,700,697 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,787,573 |
Non-operating Income & (Expense) | -36,982 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 119,609 |
Cost of Funds | 2,188,702 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,359,164 |
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