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WINSTON-SALEM FEDERAL CREDIT UNION

Dec, 31, 2023 — WINSTON-SALEM FEDERAL CREDIT UNION is a federal credit union headquartered in WINSTON SALEM, NC with 1 branch location and about $59.61 million in total assets. Opened 67 years ago in 1957, WINSTON-SALEM FEDERAL CREDIT UNION has about 9,111 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253177968
Name:WINSTON-SALEM FEDERAL CREDIT UNION
Address:
(Main Office)
711 E SALEM AVE
WINSTON SALEM, NC 27101-5365
Phone:(336) 727-2663
Fax:(336) 727-8422
Website:https://www.mywsfcu.org
Branches:1 branch locations
Members:9,111
Credit Union Type:Federal Credit Union
Charter Number:24814
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1957
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$59,606,650
CEO/Manager:John Jameson
Chairperson:Kevin Lyons

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,534,537
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,200,502
 Unsecured Loans 5,192,925
 Other Loans 5,937,168
 TOTAL LOANS 20,330,595
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -473,351
 Land And Building 859,554
 Other Fixed Assets 79,424
 NCUSIF Deposit 525,683
 All Other Assets 36,850
  TOTAL ASSETS 59,606,650
LIABILITIES & CAPITAL:  
 Dividends Payable 9
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,306,234
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,285,568
 Regular shares 15,161,115
 All Other Shares & Deposits 25,364,910
  TOTAL SHARES & DEPOSITS 51,811,594
  TOTAL LIABILITIES 53,117,837
 Regular Reserve 0
 Other Reserves 1,632,055
 Undivided Earnings 4,856,758
  TOTAL EQUITY 6,488,813
  TOTAL LIABILITIES, SHARES, & EQUITY 59,606,650
INCOME & EXPENSE  
 Loan Income 1,654,616
 Investment Income 1,441,623
 Other Income 1,114,911
 Total Employee Compensation & Benefits 1,784,842
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,141,837
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 444,704
 Cost of Funds 425,625
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -53,003
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