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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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