Jun, 30, 2024 — WHEAT STATE CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 1 branch location and about $24.16 million in total assets. Opened 62 years ago in 1963, WHEAT STATE CREDIT UNION has about 3,448 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WHEAT STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1400 S Oliver Ave WICHITA, KS 67218-3226 |
| Phone: | (316) 687-4101 |
| Fax: | (316) 687-4170 |
| Website: | https://www.wheatstatecu.com |
| Branches: | 1 branch locations |
| Members: | 3,448 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63211 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,162,698 |
| CEO/Manager: | Doug K Cheatum |
| Chairperson: | Leland D Bittle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,043,855 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,927,539 |
| Unsecured Loans | 2,400,634 |
| Other Loans | 16,721,304 |
| TOTAL LOANS | 21,049,477 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -430,269 |
| Land And Building | 225,578 |
| Other Fixed Assets | 25,504 |
| NCUSIF Deposit | 207,572 |
| All Other Assets | 132,056 |
| TOTAL ASSETS | 24,162,698 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 428,701 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,873,966 |
| Regular shares | 10,647,298 |
| All Other Shares & Deposits | 7,981,056 |
| TOTAL SHARES & DEPOSITS | 21,502,320 |
| TOTAL LIABILITIES | 21,931,021 |
| Regular Reserve | 0 |
| Other Reserves | 788,983 |
| Undivided Earnings | 1,442,694 |
| TOTAL EQUITY | 2,231,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,162,698 |
| INCOME & EXPENSE | |
| Loan Income | 971,639 |
| Investment Income | 11,060 |
| Other Income | 381,874 |
| Total Employee Compensation & Benefits | 454,030 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 676,798 |
| Non-operating Income & (Expense) | 5,100 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 160,049 |
| Cost of Funds | 72,132 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 100,012 |
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