Dec, 31, 2023 — WESTAR FEDERAL CREDIT UNION is a federal credit union headquartered in CAMILLUS, NY with 3 branch locations and about $34.22 million in total assets. Opened 61 years ago in 1963, WESTAR FEDERAL CREDIT UNION has about 2,008 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTAR FEDERAL CREDIT UNION |
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Address: (Main Office) | 2565 Hambletonian Way CAMILLUS, NY 13031 |
Phone: | (315) 672-7827 |
Fax: | (315) 672-9282 |
Website: | https://www.westarfcu.com |
Branches: | 3 branch locations |
Members: | 2,008 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15386 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,216,087 |
CEO/Manager: | Karen F Grabowski |
Chairperson: | Brian Kesel |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,599,892 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,663,468 |
Unsecured Loans | 1,457,946 |
Other Loans | 7,228,936 |
TOTAL LOANS | 13,350,352 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,556 |
Land And Building | 108,228 |
Other Fixed Assets | 5,137 |
NCUSIF Deposit | 320,006 |
All Other Assets | 0 |
TOTAL ASSETS | 34,216,087 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,976 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,196 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,799,056 |
Regular shares | 17,810,927 |
All Other Shares & Deposits | 6,311,169 |
TOTAL SHARES & DEPOSITS | 30,921,153 |
TOTAL LIABILITIES | 30,940,325 |
Regular Reserve | 0 |
Other Reserves | 450,000 |
Undivided Earnings | 2,825,762 |
TOTAL EQUITY | 3,275,762 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,216,087 |
INCOME & EXPENSE | |
Loan Income | 766,923 |
Investment Income | 362,240 |
Other Income | 59,214 |
Total Employee Compensation & Benefits | 533,506 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 333,777 |
Non-operating Income & (Expense) | 1,280,314 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,506 |
Cost of Funds | 75,993 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,362,909 |
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