WOR CO FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — WOR CO FEDERAL CREDIT UNION is a federal credit union headquartered in POCOMOKE CITY, MD with 1 branch location and about $2.61 million in total assets. Opened 70 years ago in 1954, WOR CO FEDERAL CREDIT UNION has about 612 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WOR CO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1506 MARKET ST, P.O. BOX 58 POCOMOKE CITY, MD 21851 |
| Phone: | (410) 957-4521 |
| Fax: | (410) 957-1640 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 612 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9603 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,606,228 |
| CEO/Manager: | Sheila N Lee |
| Chairperson: | Clive Stampp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,746,512 |
| TOTAL INVESTMENTS | 451,199 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 237,093 |
| Other Loans | 156,189 |
| TOTAL LOANS | 393,282 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,095 |
| Land And Building | 0 |
| Other Fixed Assets | 131 |
| NCUSIF Deposit | 22,626 |
| All Other Assets | 7,573 |
| TOTAL ASSETS | 2,606,228 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,797 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,086,171 |
| All Other Shares & Deposits | 189,463 |
| TOTAL SHARES & DEPOSITS | 2,275,634 |
| TOTAL LIABILITIES | 2,366,431 |
| Regular Reserve | 41,284 |
| Other Reserves | 0 |
| Undivided Earnings | 198,513 |
| TOTAL EQUITY | 239,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,606,228 |
| INCOME & EXPENSE | |
| Loan Income | 41,272 |
| Investment Income | 8,635 |
| Other Income | 2,041 |
| Total Employee Compensation & Benefits | 40,528 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,983 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,639 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,773 |
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