Dec, 31, 2023 — WICHITA FALLS FEDERAL CREDIT UNION is a federal credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $30.15 million in total assets. Opened 75 years ago in 1949, WICHITA FALLS FEDERAL CREDIT UNION has about 2,577 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WICHITA FALLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2100 Seymour Hwy WICHITA FALLS, TX 76301 |
| Phone: | (940) 322-9328 |
| Fax: | (940) 767-1058 |
| Website: | https://wffedcu.com |
| Branches: | 1 branch locations |
| Members: | 2,577 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6317 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,149,077 |
| CEO/Manager: | Stacy Rogers |
| Chairperson: | Patrick J Halverson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,218,898 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 504,587 |
| Unsecured Loans | 3,022,876 |
| Other Loans | 12,577,611 |
| TOTAL LOANS | 16,105,074 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,023 |
| Land And Building | 0 |
| Other Fixed Assets | 131,862 |
| NCUSIF Deposit | 269,369 |
| All Other Assets | 22,257 |
| TOTAL ASSETS | 30,149,077 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,681 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 480,306 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,123,693 |
| Regular shares | 14,211,004 |
| All Other Shares & Deposits | 6,409,856 |
| TOTAL SHARES & DEPOSITS | 25,744,554 |
| TOTAL LIABILITIES | 26,230,541 |
| Regular Reserve | 0 |
| Other Reserves | 352,247 |
| Undivided Earnings | 3,566,289 |
| TOTAL EQUITY | 3,918,536 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,149,077 |
| INCOME & EXPENSE | |
| Loan Income | 984,947 |
| Investment Income | 361,577 |
| Other Income | 143,485 |
| Total Employee Compensation & Benefits | 628,590 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 761,326 |
| Non-operating Income & (Expense) | -12 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,295 |
| Cost of Funds | 135,882 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 106,901 |
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