Dec, 31, 2023 — WORKMEN'S CIRCLE INCORPORATED CREDIT UNION is a federally insured state chartered credit union headquartered in SAVANNAH, GA with 1 branch location and about $119.72 million in total assets. Opened 36 years ago in 1988, WORKMEN'S CIRCLE INCORPORATED CREDIT UNION has about 1,646 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: | WORKMEN'S CIRCLE INCORPORATED CREDIT UNION |
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Address: (Main Office) | 527 Stephenson Ave SAVANNAH, GA 31405-5922 |
Phone: | (912) 356-9225 |
Fax: | (912) 356-9226 |
Website: | https://www.workmenscirclecu.com |
Branches: | 1 branch locations |
Members: | 1,646 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67892 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1988 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $119,718,974 |
CEO/Manager: | Chris A Miltiades |
Chairperson: | Harold B Yellin |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,329,901 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 87,036,318 |
Unsecured Loans | 28,408 |
Other Loans | 2,871,468 |
TOTAL LOANS | 89,936,194 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -619,415 |
Land And Building | 438,094 |
Other Fixed Assets | 12,261 |
NCUSIF Deposit | 637,516 |
All Other Assets | 0 |
TOTAL ASSETS | 119,718,974 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 208,007 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,807,342 |
All Other Shares & Deposits | 90,979,471 |
TOTAL SHARES & DEPOSITS | 96,786,814 |
TOTAL LIABILITIES | 96,994,821 |
Regular Reserve | 0 |
Other Reserves | 554,849 |
Undivided Earnings | 22,169,304 |
TOTAL EQUITY | 22,724,153 |
TOTAL LIABILITIES, SHARES, & EQUITY | 119,718,974 |
INCOME & EXPENSE | |
Loan Income | 4,139,753 |
Investment Income | 856,390 |
Other Income | 228,480 |
Total Employee Compensation & Benefits | 648,687 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 305,331 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 77,637 |
Cost of Funds | 3,564,527 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 628,441 |
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