WJC FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://wjcfederal.com for more information.
Dec, 31, 2023 — WJC FEDERAL CREDIT UNION is a federal credit union headquartered in DAMASCUS, VA with 1 branch location and about $5.32 million in total assets. Opened 42 years ago in 1982, WJC FEDERAL CREDIT UNION has about 1,193 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WJC FEDERAL CREDIT UNION |
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Address: (Main Office) | PO BOX 841 DAMASCUS, VA 24236 |
Phone: | (276) 475-5596 |
Fax: | (276) 475-3412 |
Website: | https://wjcfederal.com |
Branches: | 1 branch locations |
Members: | 1,193 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23938 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | Jun 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,319,186 |
CEO/Manager: | Richard L Finley |
Chairperson: | Conley Gentry |
ASSETS: | $ Amount |
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Cash & Equivalents | 590,776 |
TOTAL INVESTMENTS | 19,058 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,561,083 |
Other Loans | 2,621,894 |
TOTAL LOANS | 4,182,977 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,971 |
Land And Building | 456,080 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 52,214 |
All Other Assets | 60,052 |
TOTAL ASSETS | 5,319,186 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,064 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,851,265 |
All Other Shares & Deposits | 2,313,736 |
TOTAL SHARES & DEPOSITS | 5,165,001 |
TOTAL LIABILITIES | 5,174,065 |
Regular Reserve | 137,211 |
Other Reserves | 0 |
Undivided Earnings | 7,910 |
TOTAL EQUITY | 145,121 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,319,186 |
INCOME & EXPENSE | |
Loan Income | 298,799 |
Investment Income | -6,214 |
Other Income | 22,685 |
Total Employee Compensation & Benefits | 249,325 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 67,132 |
Non-operating Income & (Expense) | -27,362 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 104,531 |
Cost of Funds | 47,178 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -180,258 |
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» See also Statement of Financial Condition