Jun, 30, 2024 — WAKARUSA VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in LAWRENCE, KS with 1 branch location and about $3.01 million in total assets. Opened 69 years ago in 1956, WAKARUSA VALLEY CREDIT UNION has about 572 members 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: | 572 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,013,106 |
| CEO/Manager: | Denise Bonner |
| Chairperson: | Jim Mitchell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 164,554 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 243,997 |
| Other Loans | 1,527,912 |
| TOTAL LOANS | 1,771,909 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,918 |
| Land And Building | 0 |
| Other Fixed Assets | 2,500 |
| NCUSIF Deposit | 28,507 |
| All Other Assets | 36,734 |
| TOTAL ASSETS | 3,013,106 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 85,000 |
| Accounts Payable & Other Liabilities | 10,552 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 413,736 |
| Regular shares | 791,016 |
| All Other Shares & Deposits | 1,434,654 |
| TOTAL SHARES & DEPOSITS | 2,639,406 |
| TOTAL LIABILITIES | 2,734,958 |
| Regular Reserve | 0 |
| Other Reserves | 164,339 |
| Undivided Earnings | 113,809 |
| TOTAL EQUITY | 278,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,013,106 |
| INCOME & EXPENSE | |
| Loan Income | 91,941 |
| Investment Income | 5,204 |
| Other Income | 10,424 |
| Total Employee Compensation & Benefits | 46,051 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 52,566 |
| Non-operating Income & (Expense) | 11,567 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,323 |
| Cost of Funds | 9,316 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,880 |
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