Dec, 31, 2023 — WINDTHORST FEDERAL CREDIT UNION is a federal credit union headquartered in WINDTHORST, TX with 1 branch location and about $82.01 million in total assets. Opened 60 years ago in 1964, WINDTHORST FEDERAL CREDIT UNION has about 3,359 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WINDTHORST FEDERAL CREDIT UNION |
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Address: (Main Office) | 14205 W FM 174 WINDTHORST, TX 76389 |
Phone: | (940) 423-6776 |
Fax: | (940) 423-6774 |
Website: | https://www.windthorstfcu.org |
Branches: | 1 branch locations |
Members: | 3,359 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16373 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $82,005,618 |
CEO/Manager: | Judy L Koetter |
Chairperson: | Gary Wolf |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,716,441 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 35,827,385 |
Unsecured Loans | 1,345,108 |
Other Loans | 23,191,001 |
TOTAL LOANS | 63,487,130 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -561,883 |
Land And Building | 355,926 |
Other Fixed Assets | 96,814 |
NCUSIF Deposit | 612,018 |
All Other Assets | 0 |
TOTAL ASSETS | 82,005,618 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 18,584 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 305,505 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,879,016 |
Regular shares | 28,366,718 |
All Other Shares & Deposits | 34,891,139 |
TOTAL SHARES & DEPOSITS | 71,136,873 |
TOTAL LIABILITIES | 71,460,962 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,544,656 |
TOTAL EQUITY | 10,544,656 |
TOTAL LIABILITIES, SHARES, & EQUITY | 82,005,618 |
INCOME & EXPENSE | |
Loan Income | 2,941,734 |
Investment Income | 651,374 |
Other Income | 67,140 |
Total Employee Compensation & Benefits | 784,285 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 747,066 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,669,070 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 644,036 |
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