Dec, 31, 2022 — GREATER WAYNE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in RITTMAN, OH with 2 branch locations and about $28.23 million in total assets. Opened 82 years ago in 1941, GREATER WAYNE COMMUNITY FEDERAL CREDIT UNION has about 3,184 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER WAYNE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 328 N Main St RITTMAN, OH 44270-1143 |
| Phone: | (330) 927-2516 |
| Fax: | (330) 927-0701 |
| Website: | https://gwcfcu.com |
| Branches: | 2 branch locations |
| Members: | 3,184 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4369 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,229,032 |
| CEO/Manager: | Mathew Stuart |
| Chairperson: | Earl Kerr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,540,447 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 478,564 |
| Unsecured Loans | 1,279,423 |
| Other Loans | 15,710,042 |
| TOTAL LOANS | 17,468,029 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,523 |
| Land And Building | 42,998 |
| Other Fixed Assets | 27,193 |
| NCUSIF Deposit | 274,879 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,229,032 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 297 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,125 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,800,705 |
| Regular shares | 15,563,421 |
| All Other Shares & Deposits | 4,352,217 |
| TOTAL SHARES & DEPOSITS | 25,716,343 |
| TOTAL LIABILITIES | 25,754,765 |
| Regular Reserve | 0 |
| Other Reserves | 1,548,800 |
| Undivided Earnings | 925,467 |
| TOTAL EQUITY | 2,474,267 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,229,032 |
| INCOME & EXPENSE | |
| Loan Income | 728,694 |
| Investment Income | 54,038 |
| Other Income | 154,025 |
| Total Employee Compensation & Benefits | 329,710 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 390,200 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,273 |
| Cost of Funds | 43,091 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 170,483 |
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