Dec, 31, 2023 — WAKARUSA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in LAWRENCE, KS with 1 branch location and about $2.19 million in total assets. Opened 68 years ago in 1956, WAKARUSA VALLEY CREDIT UNION has about 573 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: | WAKARUSA VALLEY CREDIT UNION |
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Address: (Main Office) | 2721 W 6th St Ste B LAWRENCE, KS 66049-4302 |
Phone: | (785) 865-1201 |
Fax: | (785) 865-1104 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 573 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62840 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,187,281 |
CEO/Manager: | Denise Bonner |
Chairperson: | Jim Mitchell |
ASSETS: | $ Amount |
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Cash & Equivalents | 411,468 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 244,109 |
Other Loans | 1,296,659 |
TOTAL LOANS | 1,540,768 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,925 |
Land And Building | 0 |
Other Fixed Assets | 6,259 |
NCUSIF Deposit | 25,092 |
All Other Assets | 5,721 |
TOTAL ASSETS | 2,187,281 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 32,565 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,373 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,565 |
Regular shares | 627,178 |
All Other Shares & Deposits | 1,326,418 |
TOTAL SHARES & DEPOSITS | 1,989,161 |
TOTAL LIABILITIES | 2,024,099 |
Regular Reserve | 0 |
Other Reserves | 64,255 |
Undivided Earnings | 98,927 |
TOTAL EQUITY | 163,182 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,187,281 |
INCOME & EXPENSE | |
Loan Income | 109,913 |
Investment Income | 12,525 |
Other Income | 9,143 |
Total Employee Compensation & Benefits | 63,573 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 73,733 |
Non-operating Income & (Expense) | 2,649 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,727 |
Cost of Funds | 45,123 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -110,926 |
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» See also Statement of Financial Condition