Jun, 30, 2024 — WOODLAWN FEDERAL CREDIT UNION is a federal credit union headquartered in PAWTUCKET, RI with 1 branch location and about $14.95 million in total assets. Opened 95 years ago in 1930, WOODLAWN FEDERAL CREDIT UNION has about 1,856 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: | WOODLAWN FEDERAL CREDIT UNION |
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Address: (Main Office) | 744 Main st PAWTUCKET, RI 02860 |
Phone: | (401) 728-8300 |
Fax: | (401) 728-4520 |
Website: | https://woodlawnfcu.org |
Branches: | 1 branch locations |
Members: | 1,856 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24714 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,952,807 |
CEO/Manager: | Rufus R Bailey Jr |
Chairperson: | fredric dupuis |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,938,860 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,876,780 |
Real Estate Loans | 3,432,281 |
Unsecured Loans | 14,879 |
Other Loans | 1,491,143 |
TOTAL LOANS | 4,938,303 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -143,975 |
Land And Building | 526,042 |
Other Fixed Assets | 46,647 |
NCUSIF Deposit | 149,166 |
All Other Assets | 0 |
TOTAL ASSETS | 14,952,807 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 911 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 55,722 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,653,757 |
Regular shares | 11,896,267 |
All Other Shares & Deposits | 680,731 |
TOTAL SHARES & DEPOSITS | 14,230,755 |
TOTAL LIABILITIES | 14,287,388 |
Regular Reserve | 0 |
Other Reserves | 453,392 |
Undivided Earnings | 212,027 |
TOTAL EQUITY | 665,419 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,952,807 |
INCOME & EXPENSE | |
Loan Income | 361,660 |
Investment Income | 44,865 |
Other Income | 78,842 |
Total Employee Compensation & Benefits | 266,959 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 195,293 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 111,775 |
Cost of Funds | 750 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -89,410 |
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