Dec, 31, 2023 — WHITE RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in ROCHESTER, VT with 3 branch locations and about $49.32 million in total assets. Opened 77 years ago in 1947, WHITE RIVER CREDIT UNION has about 4,093 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: | WHITE RIVER CREDIT UNION |
|---|---|
| Address: (Main Office) | 96 N Main St ROCHESTER, VT 05767-9704 |
| Phone: | (802) 767-3333 |
| Fax: | (802) 767-3046 |
| Website: | https://www.whitercu.com |
| Branches: | 3 branch locations |
| Members: | 4,093 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64421 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,315,776 |
| CEO/Manager: | Wanda H Dunham |
| Chairperson: | Nancy E Harvey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,131,972 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,778,415 |
| Unsecured Loans | 1,656,902 |
| Other Loans | 14,984,174 |
| TOTAL LOANS | 31,419,491 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,079 |
| Land And Building | 727,867 |
| Other Fixed Assets | 134,085 |
| NCUSIF Deposit | 455,349 |
| All Other Assets | 0 |
| TOTAL ASSETS | 49,315,776 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 973,253 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,433,350 |
| Regular shares | 26,862,170 |
| All Other Shares & Deposits | 7,430,661 |
| TOTAL SHARES & DEPOSITS | 43,726,182 |
| TOTAL LIABILITIES | 44,699,737 |
| Regular Reserve | 0 |
| Other Reserves | 475,857 |
| Undivided Earnings | 4,140,182 |
| TOTAL EQUITY | 4,616,039 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,315,776 |
| INCOME & EXPENSE | |
| Loan Income | 1,740,644 |
| Investment Income | 493,593 |
| Other Income | 390,664 |
| Total Employee Compensation & Benefits | 877,877 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 903,739 |
| Non-operating Income & (Expense) | 8 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,891 |
| Cost of Funds | 46,691 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 834,207 |
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