Dec, 31, 2023 — WEYCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in PLYMOUTH, NC with 3 branch locations and about $96.17 million in total assets. Opened 65 years ago in 1959, WEYCO COMMUNITY CREDIT UNION has about 5,872 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEYCO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 316 NC Hwy 149 N PLYMOUTH, NC 27962 |
| Phone: | (252) 793-7000 |
| Fax: | (252) 793-3438 |
| Website: | https://weycocreditunion.com |
| Branches: | 3 branch locations |
| Members: | 5,872 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66324 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $96,169,056 |
| CEO/Manager: | Eli H Roberson IV |
| Chairperson: | WAYNE ROSE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,554,974 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,321,287 |
| Unsecured Loans | 3,413,074 |
| Other Loans | 12,963,590 |
| TOTAL LOANS | 54,697,951 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -556,400 |
| Land And Building | 281,882 |
| Other Fixed Assets | 521,247 |
| NCUSIF Deposit | 799,586 |
| All Other Assets | 28,848 |
| TOTAL ASSETS | 96,169,056 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 466,782 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,605,322 |
| Regular shares | 30,772,891 |
| All Other Shares & Deposits | 35,679,112 |
| TOTAL SHARES & DEPOSITS | 85,057,325 |
| TOTAL LIABILITIES | 85,524,325 |
| Regular Reserve | 0 |
| Other Reserves | -211,813 |
| Undivided Earnings | 10,856,544 |
| TOTAL EQUITY | 10,644,731 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,169,056 |
| INCOME & EXPENSE | |
| Loan Income | 2,215,500 |
| Investment Income | 1,140,757 |
| Other Income | 95,487 |
| Total Employee Compensation & Benefits | 1,304,453 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,298,419 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,350 |
| Cost of Funds | 822,813 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 341,637 |
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