Dec, 31, 2023 — WHEAT STATE CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 2 branch locations and about $23.53 million in total assets. Opened 61 years ago in 1963, WHEAT STATE CREDIT UNION has about 3,516 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: | 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: | 2 branch locations |
| Members: | 3,516 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,529,648 |
| CEO/Manager: | Doug K Cheatum |
| Chairperson: | Leland D Bittle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,432,791 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,143,930 |
| Unsecured Loans | 2,836,041 |
| Other Loans | 15,998,634 |
| TOTAL LOANS | 20,978,604 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -307,668 |
| Land And Building | 314,681 |
| Other Fixed Assets | 93,227 |
| NCUSIF Deposit | 212,725 |
| All Other Assets | 43,276 |
| TOTAL ASSETS | 23,529,648 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 526,040 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,878,646 |
| Regular shares | 8,686,608 |
| All Other Shares & Deposits | 9,068,152 |
| TOTAL SHARES & DEPOSITS | 20,633,405 |
| TOTAL LIABILITIES | 21,159,445 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,370,203 |
| TOTAL EQUITY | 2,370,203 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,529,648 |
| INCOME & EXPENSE | |
| Loan Income | 1,464,406 |
| Investment Income | 102,876 |
| Other Income | 496,060 |
| Total Employee Compensation & Benefits | 752,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 907,388 |
| Non-operating Income & (Expense) | 103,941 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,911 |
| Cost of Funds | 338,143 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 90,732 |
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