WANIGAS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.wanigas.com for more information.
Dec, 31, 2023 — WANIGAS CREDIT UNION is a federally insured state chartered credit union headquartered in SAGINAW, MI with 4 branch locations and about $418.83 million in total assets. Opened 72 years ago in 1952, WANIGAS CREDIT UNION has about 23,997 members and employs 88 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WANIGAS CREDIT UNION |
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Address: (Main Office) | 1837 BAGLEY STREET SAGINAW, MI 48601-3107 |
Phone: | (989) 759-5780 |
Fax: | (989) 753-7864 |
Website: | https://www.wanigas.com |
Branches: | 4 branch locations |
Members: | 23,997 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68578 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $418,825,757 |
CEO/Manager: | Bernard D Williams |
Chairperson: | Michael D Balls |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,196,271 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 83,000 |
Real Estate Loans | 147,621,732 |
Unsecured Loans | 22,509,073 |
Other Loans | 71,893,496 |
TOTAL LOANS | 242,024,301 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,170,534 |
Land And Building | 7,101,868 |
Other Fixed Assets | 616,887 |
NCUSIF Deposit | 3,334,710 |
All Other Assets | 0 |
TOTAL ASSETS | 418,825,757 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 24,709 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,810,269 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 78,772,047 |
Regular shares | 199,378,260 |
All Other Shares & Deposits | 85,107,234 |
TOTAL SHARES & DEPOSITS | 363,257,541 |
TOTAL LIABILITIES | 368,092,519 |
Regular Reserve | 0 |
Other Reserves | -6,926,738 |
Undivided Earnings | 57,659,976 |
TOTAL EQUITY | 50,733,238 |
TOTAL LIABILITIES, SHARES, & EQUITY | 418,825,757 |
INCOME & EXPENSE | |
Loan Income | 2,779,725 |
Investment Income | 372,405 |
Other Income | 607,008 |
Total Employee Compensation & Benefits | 1,726,383 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,561,715 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,498 |
Cost of Funds | 210,761 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 857,740 |
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