Dec, 31, 2023 — WALKER COUNTY EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in CHICKAMAUGA, GA with 1 branch location and about $13.60 million in total assets. Opened 53 years ago in 1971, WALKER COUNTY EDUCATORS FEDERAL CREDIT UNION has about 1,445 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WALKER COUNTY EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 925 Osburn Rd CHICKAMAUGA, GA 30707 |
Phone: | (706) 375-4243 |
Fax: | (706) 375-4244 |
Website: | https://www.walkercountyeducatorsfcu.com/ |
Branches: | 1 branch locations |
Members: | 1,445 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20610 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1971 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,603,526 |
CEO/Manager: | Christy Rickenbaker |
Chairperson: | Edward Combs |
ASSETS: | $ Amount |
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Cash & Equivalents | 517,733 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,139,942 |
Unsecured Loans | 858,020 |
Other Loans | 5,860,306 |
TOTAL LOANS | 7,858,268 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,673 |
Land And Building | 0 |
Other Fixed Assets | 266,930 |
NCUSIF Deposit | 109,084 |
All Other Assets | 0 |
TOTAL ASSETS | 13,603,526 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 19,503 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,459 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 7,919,055 |
All Other Shares & Deposits | 2,289,563 |
TOTAL SHARES & DEPOSITS | 10,208,618 |
TOTAL LIABILITIES | 10,235,580 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,367,946 |
TOTAL EQUITY | 3,367,946 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,603,526 |
INCOME & EXPENSE | |
Loan Income | 362,787 |
Investment Income | 203,217 |
Other Income | 22,374 |
Total Employee Compensation & Benefits | 274,234 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 137,877 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,600 |
Cost of Funds | 36,334 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 134,576 |
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