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WESTERN SPRINGS FEDERAL CREDIT UNION

Dec, 31, 2020 — WESTERN SPRINGS FEDERAL CREDIT UNION is a federal credit union headquartered in WESTERN SPRINGS, IL with 1 branch location and about $3.43 million in total assets. Opened 61 years ago in 1960, WESTERN SPRINGS FEDERAL CREDIT UNION has about 462 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTERN SPRINGS FEDERAL CREDIT UNION
Address:
(Main Office)
810 HILLGROVE AVE.
WESTERN SPRINGS, IL 60558
Phone:(708) 246-6870
Fax:(708) 246-6897
Website:http://www.wsfcunion.com
Branches:1 branch locations
Members:462
Credit Union Type:Federal Credit Union
Charter Number:13481
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$3,430,424
CEO/Manager:Kimberly M Schau
Chairperson:Dan Chick

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 232,913
TOTAL INVESTMENTS 2,028,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 318,482
 Other Loans 825,544
 TOTAL LOANS 1,144,026
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,000
 Land And Building 0
 Other Fixed Assets 207
 NCUSIF Deposit 26,625
 All Other Assets 8,653
  TOTAL ASSETS 3,430,424
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,911,330
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,911,330
  TOTAL LIABILITIES 2,911,330
 Regular Reserve 105,737
 Other Reserves 0
 Undivided Earnings 413,357
  TOTAL EQUITY 519,094
  TOTAL LIABILITIES, SHARES, & EQUITY 3,430,424
INCOME & EXPENSE  
 Loan Income 61,748
 Investment Income 29,885
 Other Income 2,805
 Total Employee Compensation & Benefits 39,988
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,082
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,900
 Cost of Funds 7,378
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 23,090
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