Dec, 31, 2020 — WYMAR FEDERAL CREDIT UNION is a federal credit union headquartered in GEISMAR, LA with 1 branch location and about $132.42 million in total assets. Opened 63 years ago in 1958, WYMAR FEDERAL CREDIT UNION has about 4,683 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WYMAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 457 GEISMAR, LA 70734 |
| Phone: | (225) 673-7191 |
| Fax: | (225) 612-6405 |
| Website: | http://www.wymarfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,683 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12330 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $132,416,583 |
| CEO/Manager: | Ronnie L Stephens |
| Chairperson: | Danny G Robert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,919,023 |
| TOTAL INVESTMENTS | 27,547,832 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,295,745 |
| Unsecured Loans | 2,833,679 |
| Other Loans | 30,329,545 |
| TOTAL LOANS | 88,458,969 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,879 |
| Land And Building | 0 |
| Other Fixed Assets | 680,570 |
| NCUSIF Deposit | 1,011,655 |
| All Other Assets | 5,865,413 |
| TOTAL ASSETS | 132,416,583 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 389,093 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 522,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,307,310 |
| Regular shares | 58,016,201 |
| All Other Shares & Deposits | 39,688,329 |
| TOTAL SHARES & DEPOSITS | 112,011,840 |
| TOTAL LIABILITIES | 112,923,574 |
| Regular Reserve | 2,682,304 |
| Other Reserves | 561,230 |
| Undivided Earnings | 16,249,475 |
| TOTAL EQUITY | 19,493,009 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 132,416,583 |
| INCOME & EXPENSE | |
| Loan Income | 3,857,530 |
| Investment Income | 814,474 |
| Other Income | 1,092,026 |
| Total Employee Compensation & Benefits | 1,439,130 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,258,966 |
| Non-operating Income & (Expense) | 78,448 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,588 |
| Cost of Funds | 1,632,887 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,484,907 |
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