Jun, 30, 2024 — SKYWARD CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 7 branch locations and about $391.11 million in total assets. Opened 83 years ago in 1941, SKYWARD CREDIT UNION has about 18,967 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SKYWARD CREDIT UNION |
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Address: (Main Office) | 4 Cessna Blvd WICHITA, KS 67215-1423 |
Phone: | (316) 440-9690 |
Fax: | (316) 779-8966 |
Website: | https://www.skywardcu.com |
Branches: | 7 branch locations |
Members: | 18,967 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63300 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $391,110,051 |
CEO/Manager: | Kevin Wilmoth |
Chairperson: | Holly Dixon |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,830,080 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 62,407,250 |
Unsecured Loans | 14,845,415 |
Other Loans | 105,752,776 |
TOTAL LOANS | 183,005,441 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -539,350 |
Land And Building | 4,482,618 |
Other Fixed Assets | 1,907,750 |
NCUSIF Deposit | 3,132,331 |
All Other Assets | 97,961 |
TOTAL ASSETS | 391,110,051 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 321,668 |
Notes & Interest Payable | 26,350,000 |
Accounts Payable & Other Liabilities | 2,724,333 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,741,856 |
Regular shares | 154,137,690 |
All Other Shares & Deposits | 146,887,900 |
TOTAL SHARES & DEPOSITS | 343,767,446 |
TOTAL LIABILITIES | 373,163,447 |
Regular Reserve | 0 |
Other Reserves | -41,102,722 |
Undivided Earnings | 59,049,326 |
TOTAL EQUITY | 17,946,604 |
TOTAL LIABILITIES, SHARES, & EQUITY | 391,110,051 |
INCOME & EXPENSE | |
Loan Income | 5,453,271 |
Investment Income | 3,445,712 |
Other Income | 1,459,404 |
Total Employee Compensation & Benefits | 3,563,119 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,802,902 |
Non-operating Income & (Expense) | -6,013 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -100,000 |
Cost of Funds | 1,925,539 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,247,665 |
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