Dec, 31, 2021 — WAYCOSE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, WV with 1 branch location and about $3.65 million in total assets. Opened 40 years ago in 1982, WAYCOSE FEDERAL CREDIT UNION has about 1,016 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: | WAYCOSE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3851 Piedmont Rd HUNTINGTON, WV 25704-1930 |
Phone: | (304) 429-1213 |
Fax: | (304) 429-5998 |
Website: | http://www.waycosefcu.com |
Branches: | 1 branch locations |
Members: | 1,016 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24792 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | May 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,651,964 |
CEO/Manager: | Tracy L Foster |
Chairperson: | Phil Alexander |
ASSETS: | $ Amount |
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Cash & Equivalents | 852,487 |
TOTAL INVESTMENTS | 570,182 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 608,072 |
Other Loans | 1,608,350 |
TOTAL LOANS | 2,216,422 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,319 |
Land And Building | 0 |
Other Fixed Assets | 52 |
NCUSIF Deposit | 26,523 |
All Other Assets | 19,617 |
TOTAL ASSETS | 3,651,964 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,430 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,317 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 249,514 |
Regular shares | 2,416,129 |
All Other Shares & Deposits | 482,078 |
TOTAL SHARES & DEPOSITS | 3,147,721 |
TOTAL LIABILITIES | 3,153,468 |
Regular Reserve | 236,707 |
Other Reserves | 8,988 |
Undivided Earnings | 252,801 |
TOTAL EQUITY | 498,496 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,651,964 |
INCOME & EXPENSE | |
Loan Income | 146,551 |
Investment Income | 6,040 |
Other Income | 2,176 |
Total Employee Compensation & Benefits | 54,851 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 67,614 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,150 |
Cost of Funds | 4,384 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 20,708 |
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