WIT FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://witfcu.com for more information.
Dec, 31, 2023 — WIT FEDERAL CREDIT UNION is a federal credit union headquartered in Rochester, NY with 3 branch locations and about $23.79 million in total assets. Opened 62 years ago in 1962, WIT FEDERAL CREDIT UNION has about 3,823 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WIT FEDERAL CREDIT UNION |
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Address: (Main Office) | 22 4th St Rochester, NY 14609-6032 |
Phone: | (585) 454-4580 |
Fax: | (585) 454-4610 |
Website: | https://witfcu.com |
Branches: | 3 branch locations |
Members: | 3,823 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14836 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1962 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,789,350 |
CEO/Manager: | David B Wright |
Chairperson: | Matthew Shaw, Sr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,450,268 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,856,842 |
Unsecured Loans | 2,091,654 |
Other Loans | 9,877,120 |
TOTAL LOANS | 18,825,616 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,972 |
Land And Building | 165,550 |
Other Fixed Assets | 33,122 |
NCUSIF Deposit | 201,686 |
All Other Assets | 0 |
TOTAL ASSETS | 23,789,350 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 13,433 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,724 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,017,914 |
Regular shares | 9,460,406 |
All Other Shares & Deposits | 8,697,662 |
TOTAL SHARES & DEPOSITS | 21,175,982 |
TOTAL LIABILITIES | 21,194,139 |
Regular Reserve | 0 |
Other Reserves | 654,170 |
Undivided Earnings | 1,941,041 |
TOTAL EQUITY | 2,595,211 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,789,350 |
INCOME & EXPENSE | |
Loan Income | 247,253 |
Investment Income | 9,186 |
Other Income | 26,350 |
Total Employee Compensation & Benefits | 139,879 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 99,676 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -48,010 |
Cost of Funds | 10,028 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 114,256 |
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