Dec, 31, 2023 — TEAM AND WHEEL FEDERAL CREDIT UNION is a federal credit union headquartered in WINSTON SALEM, NC with 1 branch location and about $14.06 million in total assets. Opened 50 years ago in 1974, TEAM AND WHEEL FEDERAL CREDIT UNION has about 1,781 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: | TEAM AND WHEEL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1405 Trademart Blvd WINSTON SALEM, NC 27127-5645 |
| Phone: | (336) 785-0103 |
| Fax: | (336) 788-5421 |
| Website: | https://www.team-wheelfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,781 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21639 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,063,375 |
| CEO/Manager: | Juanita B Brewer |
| Chairperson: | WILBERT LEONARD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 842,005 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,304,871 |
| Other Loans | 7,936,023 |
| TOTAL LOANS | 10,240,894 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,838 |
| Land And Building | 173,266 |
| Other Fixed Assets | 12,121 |
| NCUSIF Deposit | 131,030 |
| All Other Assets | 3,691 |
| TOTAL ASSETS | 14,063,375 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4 |
| Notes & Interest Payable | 582,148 |
| Accounts Payable & Other Liabilities | 52,994 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,291,610 |
| Regular shares | 10,107,710 |
| All Other Shares & Deposits | 311,172 |
| TOTAL SHARES & DEPOSITS | 11,710,492 |
| TOTAL LIABILITIES | 12,345,638 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,717,737 |
| TOTAL EQUITY | 1,717,737 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,063,375 |
| INCOME & EXPENSE | |
| Loan Income | 521,197 |
| Investment Income | 108,424 |
| Other Income | 53,185 |
| Total Employee Compensation & Benefits | 245,671 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 451,840 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,673 |
| Cost of Funds | 12,883 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -963 |
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