Dec, 31, 2023 — WHITING REFINERY FEDERAL CREDIT UNION is a federal credit union headquartered in WHITING, IN with 1 branch location and about $52.95 million in total assets. Opened 89 years ago in 1935, WHITING REFINERY FEDERAL CREDIT UNION has about 2,043 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WHITING REFINERY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1339 119th St WHITING, IN 46394 |
Phone: | (219) 659-3254 |
Fax: | (219) 659-0790 |
Website: | https://www.wrfcu.org |
Branches: | 1 branch locations |
Members: | 2,043 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 198 |
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Membership Type: | Multiple common bond - Primarily petroleum refining |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $52,949,446 |
CEO/Manager: | Julie F Boyle |
Chairperson: | Carl Towner |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,113,582 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,711,171 |
Unsecured Loans | 1,357,929 |
Other Loans | 10,537,777 |
TOTAL LOANS | 20,606,877 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,083 |
Land And Building | 166,495 |
Other Fixed Assets | 49,292 |
NCUSIF Deposit | 374,608 |
All Other Assets | 0 |
TOTAL ASSETS | 52,949,446 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 28,228 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 64,144 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,304,860 |
Regular shares | 21,646,981 |
All Other Shares & Deposits | 16,245,611 |
TOTAL SHARES & DEPOSITS | 39,197,452 |
TOTAL LIABILITIES | 39,289,824 |
Regular Reserve | 0 |
Other Reserves | 826,156 |
Undivided Earnings | 12,833,466 |
TOTAL EQUITY | 13,659,622 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,949,446 |
INCOME & EXPENSE | |
Loan Income | 715,299 |
Investment Income | 674,658 |
Other Income | 16,462 |
Total Employee Compensation & Benefits | 295,880 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 364,545 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,582 |
Cost of Funds | 700,948 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 125,470 |
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» See also Statement of Financial Condition