Dec, 31, 2023 — WESTERN SPRINGS FEDERAL CREDIT UNION is a federal credit union headquartered in WESTERN SPRINGS, IL with 1 branch location and about $3.69 million in total assets. Opened 64 years ago in 1960, WESTERN SPRINGS FEDERAL CREDIT UNION has about 454 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERN SPRINGS FEDERAL CREDIT UNION |
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Address: (Main Office) | 810 Hillgrove Ave WESTERN SPRINGS, IL 60558 |
Phone: | (708) 246-6870 |
Fax: | (708) 246-6897 |
Website: | https://www.wsfcunion.com |
Branches: | 1 branch locations |
Members: | 454 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13481 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,688,847 |
CEO/Manager: | Kimberly M Schau |
Chairperson: | Dan Chick |
ASSETS: | $ Amount |
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Cash & Equivalents | 250,454 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 336,546 |
Other Loans | 1,199,803 |
TOTAL LOANS | 1,536,349 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,400 |
Land And Building | 0 |
Other Fixed Assets | 176 |
NCUSIF Deposit | 31,851 |
All Other Assets | 0 |
TOTAL ASSETS | 3,688,847 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 0 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,104,063 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 3,104,063 |
TOTAL LIABILITIES | 3,104,063 |
Regular Reserve | 0 |
Other Reserves | 105,737 |
Undivided Earnings | 479,047 |
TOTAL EQUITY | 584,784 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,688,847 |
INCOME & EXPENSE | |
Loan Income | 65,897 |
Investment Income | 73,599 |
Other Income | 649 |
Total Employee Compensation & Benefits | 44,549 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,154 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,665 |
Cost of Funds | 15,765 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 39,904 |
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