Dec, 31, 2023 — WESTCONSIN CREDIT UNION is a federally insured state chartered credit union headquartered in MENOMONIE, WI with 18 branch locations and about $1.94 billion in total assets. Opened 85 years ago in 1939, WESTCONSIN CREDIT UNION has about 120,077 members and employs 428 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTCONSIN CREDIT UNION |
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Address: (Main Office) | 3227 Schneider Ave SE MENOMONIE, WI 54751 |
Phone: | (715) 235-3403 |
Fax: | (715) 232-4990 |
Website: | https://www.westconsincu.org |
Branches: | 18 branch locations |
Members: | 120,077 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66742 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,938,899,963 |
CEO/Manager: | Lora J Benrud |
Chairperson: | Gerald J Wolf |
ASSETS: | $ Amount |
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Cash & Equivalents | 67,127,465 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,216,120 |
Real Estate Loans | 686,477,257 |
Unsecured Loans | 64,663,710 |
Other Loans | 617,316,898 |
TOTAL LOANS | 1,368,488,179 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,114,164 |
Land And Building | 33,374,945 |
Other Fixed Assets | 3,447,130 |
NCUSIF Deposit | 16,109,522 |
All Other Assets | 161,500 |
TOTAL ASSETS | 1,938,899,963 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 517,100 |
Notes & Interest Payable | 40,180,352 |
Accounts Payable & Other Liabilities | 31,632,847 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 398,859,814 |
Regular shares | 514,258,001 |
All Other Shares & Deposits | 758,660,355 |
TOTAL SHARES & DEPOSITS | 1,671,778,170 |
TOTAL LIABILITIES | 1,744,314,774 |
Regular Reserve | 0 |
Other Reserves | -44,603,942 |
Undivided Earnings | 239,189,131 |
TOTAL EQUITY | 194,585,189 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,938,899,963 |
INCOME & EXPENSE | |
Loan Income | 69,843,060 |
Investment Income | 10,875,108 |
Other Income | 6,130,581 |
Total Employee Compensation & Benefits | 42,517,201 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 25,651,339 |
Non-operating Income & (Expense) | 186,134 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,541,676 |
Cost of Funds | 19,421,631 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 16,307,849 |
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