Dec, 31, 2023 — GREATER WAYNE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in RITTMAN, OH with 2 branch locations and about $30.07 million in total assets. Opened 83 years ago in 1941, GREATER WAYNE COMMUNITY FEDERAL CREDIT UNION has about 3,194 members and employs 12 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 |
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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: | 3,194 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4369 |
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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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,073,673 |
CEO/Manager: | Mathew Stuart |
Chairperson: | Earl Kerr |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,279,591 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 376,851 |
Unsecured Loans | 1,186,142 |
Other Loans | 14,754,144 |
TOTAL LOANS | 16,317,138 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -197,506 |
Land And Building | 36,318 |
Other Fixed Assets | 45,311 |
NCUSIF Deposit | 256,287 |
All Other Assets | 0 |
TOTAL ASSETS | 30,073,673 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 30 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,627 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,653,633 |
Regular shares | 13,901,125 |
All Other Shares & Deposits | 7,771,430 |
TOTAL SHARES & DEPOSITS | 27,326,187 |
TOTAL LIABILITIES | 27,334,844 |
Regular Reserve | 0 |
Other Reserves | 637,255 |
Undivided Earnings | 2,101,574 |
TOTAL EQUITY | 2,738,829 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,073,673 |
INCOME & EXPENSE | |
Loan Income | 1,019,312 |
Investment Income | 245,103 |
Other Income | 160,347 |
Total Employee Compensation & Benefits | 505,791 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 521,518 |
Non-operating Income & (Expense) | 500 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 82,059 |
Cost of Funds | 178,061 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 162,240 |
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