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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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