Mar, 31, 2022 — WESTERN COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in WILLISTON, ND with 9 branch locations and about $433.00 million in total assets. Opened 84 years ago in 1938, WESTERN COOPERATIVE CREDIT UNION has about 18,281 members and employs 93 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTERN COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1300 Bison Dr WILLISTON, ND 58801-3770 |
| Phone: | (701) 572-4000 |
| Fax: | (701) 572-5897 |
| Website: | http://www.wccu.org |
| Branches: | 9 branch locations |
| Members: | 18,281 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61758 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $433,003,631 |
| CEO/Manager: | Melanie Stillwell |
| Chairperson: | Larry Novak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 112,908,211 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 535,250 |
| Real Estate Loans | 84,257,173 |
| Unsecured Loans | 1,771,604 |
| Other Loans | 96,756,695 |
| TOTAL LOANS | 182,785,472 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,900,386 |
| Land And Building | 8,634,099 |
| Other Fixed Assets | 294,984 |
| NCUSIF Deposit | 3,184,296 |
| All Other Assets | 0 |
| TOTAL ASSETS | 433,003,631 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 224 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,920,542 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 139,089,333 |
| Regular shares | 198,779,620 |
| All Other Shares & Deposits | 56,306,903 |
| TOTAL SHARES & DEPOSITS | 394,175,856 |
| TOTAL LIABILITIES | 396,096,622 |
| Regular Reserve | 0 |
| Other Reserves | -10,376,902 |
| Undivided Earnings | 47,283,911 |
| TOTAL EQUITY | 36,907,009 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 433,003,631 |
| INCOME & EXPENSE | |
| Loan Income | 2,010,902 |
| Investment Income | 379,839 |
| Other Income | 190,402 |
| Total Employee Compensation & Benefits | 1,680,586 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,694,018 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 53,346 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 593,914 |
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