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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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