Dec, 31, 2023 — WESTERN COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in WILLISTON, ND with 8 branch locations and about $441.39 million in total assets. Opened 86 years ago in 1938, WESTERN COOPERATIVE CREDIT UNION has about 18,305 members and employs 98 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: | https://www.wccu.org |
| Branches: | 8 branch locations |
| Members: | 18,305 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $441,387,375 |
| CEO/Manager: | Melanie Stillwell |
| Chairperson: | Larry Novak |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,230,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 740,200 |
| Real Estate Loans | 90,855,742 |
| Unsecured Loans | 1,898,878 |
| Other Loans | 154,369,817 |
| TOTAL LOANS | 247,124,437 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,266,601 |
| Land And Building | 7,596,912 |
| Other Fixed Assets | 299,972 |
| NCUSIF Deposit | 3,399,634 |
| All Other Assets | 0 |
| TOTAL ASSETS | 441,387,375 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 92,571 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,723,953 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 137,603,623 |
| Regular shares | 166,003,160 |
| All Other Shares & Deposits | 93,959,580 |
| TOTAL SHARES & DEPOSITS | 397,566,363 |
| TOTAL LIABILITIES | 401,382,887 |
| Regular Reserve | 0 |
| Other Reserves | -16,501,631 |
| Undivided Earnings | 56,506,119 |
| TOTAL EQUITY | 40,004,488 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 441,387,375 |
| INCOME & EXPENSE | |
| Loan Income | 11,965,809 |
| Investment Income | 4,909,992 |
| Other Income | 813,771 |
| Total Employee Compensation & Benefits | 7,502,744 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,482,375 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 375,000 |
| Cost of Funds | 1,279,809 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,047,085 |
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