Dec, 31, 2023 — WAYNE COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, IN with 2 branch locations and about $13.31 million in total assets. Opened 63 years ago in 1961, WAYNE COUNTY FEDERAL CREDIT UNION has about 1,125 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: | WAYNE COUNTY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3010 W Main St RICHMOND, IN 47374-4583 |
| Phone: | (877) 962-7113 |
| Fax: | (765) 962-9615 |
| Website: | https://www.waynecountyfcu.org |
| Branches: | 2 branch locations |
| Members: | 1,125 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14449 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,311,734 |
| CEO/Manager: | Kim Wright |
| Chairperson: | Nelson E Bingham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,010,258 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 843,001 |
| Unsecured Loans | 870,805 |
| Other Loans | 3,333,089 |
| TOTAL LOANS | 5,046,895 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,053 |
| Land And Building | 191,521 |
| Other Fixed Assets | 8,707 |
| NCUSIF Deposit | 125,159 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,311,734 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,047 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,618,082 |
| Regular shares | 8,249,286 |
| All Other Shares & Deposits | 6,488 |
| TOTAL SHARES & DEPOSITS | 11,873,857 |
| TOTAL LIABILITIES | 12,046,843 |
| Regular Reserve | 0 |
| Other Reserves | 135,572 |
| Undivided Earnings | 1,129,319 |
| TOTAL EQUITY | 1,264,891 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,311,734 |
| INCOME & EXPENSE | |
| Loan Income | 246,853 |
| Investment Income | 304,930 |
| Other Income | 17,380 |
| Total Employee Compensation & Benefits | 124,264 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 252,515 |
| Non-operating Income & (Expense) | 76,322 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,267 |
| Cost of Funds | 17,801 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 209,223 |
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