Dec, 31, 2023 — CENTRAL WILLAMETTE CREDIT UNION is a federally insured state chartered credit union headquartered in ALBANY, OR with 8 branch locations and about $517.44 million in total assets. Opened 69 years ago in 1955, CENTRAL WILLAMETTE CREDIT UNION has about 35,276 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL WILLAMETTE CREDIT UNION |
|---|---|
| Address: (Main Office) | 7101 Supra Dr SW ALBANY, OR 97321 |
| Phone: | (541) 928-4536 |
| Fax: | (541) 926-4843 |
| Website: | https://www.centralwcu.org |
| Branches: | 8 branch locations |
| Members: | 35,276 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62665 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $517,440,724 |
| CEO/Manager: | Stacie Wyss-Schoenborn |
| Chairperson: | Steve Uerlings |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,092,791 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 116,409,483 |
| Unsecured Loans | 24,783,095 |
| Other Loans | 247,789,430 |
| TOTAL LOANS | 388,982,007 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,950,544 |
| Land And Building | 6,086,360 |
| Other Fixed Assets | 4,787,630 |
| NCUSIF Deposit | 4,237,942 |
| All Other Assets | 284,715 |
| TOTAL ASSETS | 517,440,724 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,076,742 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 24,500,000 |
| Share Drafts | 113,488,080 |
| Regular shares | 83,421,302 |
| All Other Shares & Deposits | 246,620,176 |
| TOTAL SHARES & DEPOSITS | 443,529,557 |
| TOTAL LIABILITIES | 475,106,299 |
| Regular Reserve | 0 |
| Other Reserves | -11,042,600 |
| Undivided Earnings | 53,377,025 |
| TOTAL EQUITY | 42,334,425 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 517,440,724 |
| INCOME & EXPENSE | |
| Loan Income | 20,749,009 |
| Investment Income | 1,642,579 |
| Other Income | 3,225,126 |
| Total Employee Compensation & Benefits | 10,464,867 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,989,045 |
| Non-operating Income & (Expense) | 1,184,536 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,209,540 |
| Cost of Funds | 3,266,720 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,025,261 |
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