Dec, 31, 2023 — WCG EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MARTIN, TN with 0 branch location and about $1.13 million in total assets. Opened 62 years ago in 1962, WCG EMPLOYEES CREDIT UNION has about 242 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WCG EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 11181 Highway 22 MARTIN, TN 38237 |
| Phone: | (731) 587-9521 |
| Fax: | (731) 587-2037 |
| Website: | n/a |
| Branches: | 0 branch locations |
| Members: | 242 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68153 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,130,693 |
| CEO/Manager: | Thomas Brewer |
| Chairperson: | Jim Reynolds |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 288,997 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 47,432 |
| Other Loans | 661,415 |
| TOTAL LOANS | 708,847 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,258 |
| Land And Building | 0 |
| Other Fixed Assets | 15 |
| NCUSIF Deposit | 9,704 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,130,693 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,862 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 919,028 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 919,028 |
| TOTAL LIABILITIES | 928,809 |
| Regular Reserve | 0 |
| Other Reserves | 40,000 |
| Undivided Earnings | 161,884 |
| TOTAL EQUITY | 201,884 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,130,693 |
| INCOME & EXPENSE | |
| Loan Income | 34,940 |
| Investment Income | 9,831 |
| Other Income | 480 |
| Total Employee Compensation & Benefits | 10,888 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,403 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 850 |
| Cost of Funds | 14,144 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,519 |
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