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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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