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CONCORA WABASH FEDERAL CREDIT UNION

Dec, 31, 2023 — CONCORA WABASH FEDERAL CREDIT UNION is a federal credit union headquartered in WABASH, IN with 1 branch location and about $1.42 million in total assets. Opened 86 years ago in 1938, CONCORA WABASH FEDERAL CREDIT UNION has about 262 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CONCORA WABASH FEDERAL CREDIT UNION
Address:
(Main Office)
455 FACTORY ST
WABASH, IN 46992-3212
Phone:(260) 569-3346
Fax:(260) 569-3404
Website:n/a
Branches:1 branch locations
Members:262
Credit Union Type:Federal Credit Union
Charter Number:3006
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1938
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,417,072
CEO/Manager:MINDA PARISH
Chairperson:MICHAEL ORPURT

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 209,606
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 68,269
 Other Loans 1,131,222
 TOTAL LOANS 1,199,491
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,625
 Land And Building 0
 Other Fixed Assets 337
 NCUSIF Deposit 12,931
 All Other Assets 0
  TOTAL ASSETS 1,417,072
LIABILITIES & CAPITAL:  
 Dividends Payable 544
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,422
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,043,441
 All Other Shares & Deposits 118,406
  TOTAL SHARES & DEPOSITS 1,161,847
  TOTAL LIABILITIES 1,164,813
 Regular Reserve 0
 Other Reserves 33,450
 Undivided Earnings 218,809
  TOTAL EQUITY 252,259
  TOTAL LIABILITIES, SHARES, & EQUITY 1,417,072
INCOME & EXPENSE  
 Loan Income 60,167
 Investment Income 2,211
 Other Income 1,333
 Total Employee Compensation & Benefits 40,959
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,645
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,100
 Cost of Funds 6,387
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,820
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