Dec, 31, 2022 — TEAM AND WHEEL FEDERAL CREDIT UNION is a federal credit union headquartered in WINSTON SALEM, NC with 1 branch location and about $14.84 million in total assets. Opened 49 years ago in 1974, TEAM AND WHEEL FEDERAL CREDIT UNION has about 1,821 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAM AND WHEEL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1405 Trademart Blvd WINSTON SALEM, NC 27127-5645 |
| Phone: | (336) 785-0103 |
| Fax: | (336) 788-5421 |
| Website: | https://www.team-wheelfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,821 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21639 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,837,518 |
| CEO/Manager: | Juanita B Brewer |
| Chairperson: | WILBERT LEONARD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 157,149 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,251,823 |
| Other Loans | 7,269,874 |
| TOTAL LOANS | 9,521,697 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,659 |
| Land And Building | 173,198 |
| Other Fixed Assets | 17,782 |
| NCUSIF Deposit | 125,138 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,837,518 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,629 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,458,829 |
| Regular shares | 11,397,607 |
| All Other Shares & Deposits | 223,729 |
| TOTAL SHARES & DEPOSITS | 13,080,165 |
| TOTAL LIABILITIES | 13,100,796 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,736,722 |
| TOTAL EQUITY | 1,736,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,837,518 |
| INCOME & EXPENSE | |
| Loan Income | 354,169 |
| Investment Income | 42,058 |
| Other Income | 47,226 |
| Total Employee Compensation & Benefits | 193,972 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 272,627 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,415 |
| Cost of Funds | 4,588 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,682 |
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