Dec, 31, 2023 — WESTSIDE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CHURCHVILLE, NY with 1 branch location and about $23.82 million in total assets. Opened 62 years ago in 1962, WESTSIDE COMMUNITY FEDERAL CREDIT UNION has about 1,902 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTSIDE COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 125 E Buffalo St CHURCHVILLE, NY 14428-9704 |
Phone: | (585) 293-3840 |
Fax: | (585) 293-9350 |
Website: | https://www.wscfcu.com |
Branches: | 1 branch locations |
Members: | 1,902 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15324 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,821,670 |
CEO/Manager: | Tiffany Cooper |
Chairperson: | Ann Maher |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,838,730 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,733,737 |
Unsecured Loans | 122,885 |
Other Loans | 5,041,357 |
TOTAL LOANS | 13,897,979 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,620 |
Land And Building | 410,072 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 208,129 |
All Other Assets | 0 |
TOTAL ASSETS | 23,821,670 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 19,059 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 99,161 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,002,120 |
Regular shares | 17,581,740 |
All Other Shares & Deposits | 1,222,191 |
TOTAL SHARES & DEPOSITS | 21,806,053 |
TOTAL LIABILITIES | 21,924,273 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,897,397 |
TOTAL EQUITY | 1,897,397 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,821,670 |
INCOME & EXPENSE | |
Loan Income | 488,725 |
Investment Income | 227,394 |
Other Income | 9,975 |
Total Employee Compensation & Benefits | 249,519 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 211,908 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 56,895 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 219,334 |
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