Dec, 31, 2023 — WHEATLAND FEDERAL CREDIT UNION is a federal credit union headquartered in LANCASTER, PA with 4 branch locations and about $66.65 million in total assets. Opened 88 years ago in 1936, WHEATLAND FEDERAL CREDIT UNION has about 5,603 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WHEATLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 611 Centerville RD LANCASTER, PA 17601 |
| Phone: | (717) 898-7673 |
| Fax: | (717) 898-9658 |
| Website: | https://www.wheatlandcu.com |
| Branches: | 4 branch locations |
| Members: | 5,603 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1658 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $66,649,716 |
| CEO/Manager: | Kathleen Rye |
| Chairperson: | Raymond L Wenger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,416,130 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,830,784 |
| Unsecured Loans | 7,142,825 |
| Other Loans | 31,185,859 |
| TOTAL LOANS | 53,795,756 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -552,786 |
| Land And Building | 297,802 |
| Other Fixed Assets | 184,950 |
| NCUSIF Deposit | 630,297 |
| All Other Assets | 0 |
| TOTAL ASSETS | 66,649,716 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 154,777 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,599,107 |
| Regular shares | 32,216,615 |
| All Other Shares & Deposits | 14,392,239 |
| TOTAL SHARES & DEPOSITS | 61,207,960 |
| TOTAL LIABILITIES | 61,362,737 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,286,979 |
| TOTAL EQUITY | 5,286,979 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 66,649,716 |
| INCOME & EXPENSE | |
| Loan Income | 2,830,270 |
| Investment Income | 150,526 |
| Other Income | 231,804 |
| Total Employee Compensation & Benefits | 1,186,502 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,502,240 |
| Non-operating Income & (Expense) | -14,550 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 381,818 |
| Cost of Funds | 427,503 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,113 |
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