Dec, 31, 2021 — WYMAR FEDERAL CREDIT UNION is a federal credit union headquartered in GEISMAR, LA with 1 branch location and about $145.95 million in total assets. Opened 64 years ago in 1958, WYMAR FEDERAL CREDIT UNION has about 4,743 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: | WYMAR FEDERAL CREDIT UNION |
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Address: (Main Office) | 37269 Highway 30 GEISMAR, LA 70734 |
Phone: | (225) 673-7191 |
Fax: | (225) 612-6405 |
Website: | http://www.wymarfcu.com |
Branches: | 1 branch locations |
Members: | 4,743 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12330 |
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Membership Type: | Manufacturing - Chemicals |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $145,953,782 |
CEO/Manager: | Ronnie L Stephens |
Chairperson: | Danny G Robert |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,966,889 |
TOTAL INVESTMENTS | 31,492,969 |
Loans Held for Sale | 0 |
Real Estate Loans | 64,251,231 |
Unsecured Loans | 2,791,773 |
Other Loans | 30,229,069 |
TOTAL LOANS | 97,272,073 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,668 |
Land And Building | 0 |
Other Fixed Assets | 626,309 |
NCUSIF Deposit | 1,074,566 |
All Other Assets | 6,588,644 |
TOTAL ASSETS | 145,953,782 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 505,871 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 426,786 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,488,148 |
Regular shares | 68,903,925 |
All Other Shares & Deposits | 39,560,267 |
TOTAL SHARES & DEPOSITS | 123,952,340 |
TOTAL LIABILITIES | 124,884,997 |
Regular Reserve | 2,682,304 |
Other Reserves | 590,973 |
Undivided Earnings | 17,795,508 |
TOTAL EQUITY | 21,068,785 |
TOTAL LIABILITIES, SHARES, & EQUITY | 145,953,782 |
INCOME & EXPENSE | |
Loan Income | 4,051,687 |
Investment Income | 750,728 |
Other Income | 1,149,840 |
Total Employee Compensation & Benefits | 1,452,963 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,330,261 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,359 |
Cost of Funds | 1,591,596 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,546,035 |
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