Dec, 31, 2023 — WHITEWATER REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in CONNERSVILLE, IN with 1 branch location and about $9.84 million in total assets. Opened 85 years ago in 1939, WHITEWATER REGIONAL FEDERAL CREDIT UNION has about 1,609 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: | WHITEWATER REGIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3030 Western Ave CONNERSVILLE, IN 47331-2555 |
| Phone: | (765) 827-1317 |
| Fax: | (765) 825-4073 |
| Website: | https://www.wwrfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,609 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3536 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,837,983 |
| CEO/Manager: | Jayma Bright |
| Chairperson: | Connie Chandler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -347,414 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 662,589 |
| Other Loans | 6,278,908 |
| TOTAL LOANS | 6,941,497 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,335 |
| Land And Building | 192,190 |
| Other Fixed Assets | 21,463 |
| NCUSIF Deposit | 106,089 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,837,983 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 18,982 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,530 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,940,751 |
| Regular shares | 4,544,905 |
| All Other Shares & Deposits | 2,324,900 |
| TOTAL SHARES & DEPOSITS | 8,810,556 |
| TOTAL LIABILITIES | 8,832,068 |
| Regular Reserve | 0 |
| Other Reserves | 125,042 |
| Undivided Earnings | 880,873 |
| TOTAL EQUITY | 1,005,915 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,837,983 |
| INCOME & EXPENSE | |
| Loan Income | 260,496 |
| Investment Income | 58,899 |
| Other Income | 42,874 |
| Total Employee Compensation & Benefits | 129,387 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 286,709 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,335 |
| Cost of Funds | 20,837 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -99,019 |
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