Dec, 31, 2023 — WHITE RIVER CREDIT UNION is a federally insured state chartered credit union headquartered in ROCHESTER, VT with 3 branch locations and about $49.32 million in total assets. Opened 77 years ago in 1947, WHITE RIVER CREDIT UNION has about 4,093 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WHITE RIVER CREDIT UNION |
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Address: (Main Office) | 96 N Main St ROCHESTER, VT 05767-9704 |
Phone: | (802) 767-3333 |
Fax: | (802) 767-3046 |
Website: | https://www.whitercu.com |
Branches: | 3 branch locations |
Members: | 4,093 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64421 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,315,776 |
CEO/Manager: | Wanda H Dunham |
Chairperson: | Nancy E Harvey |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,131,972 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,778,415 |
Unsecured Loans | 1,656,902 |
Other Loans | 14,984,174 |
TOTAL LOANS | 31,419,491 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,079 |
Land And Building | 727,867 |
Other Fixed Assets | 134,085 |
NCUSIF Deposit | 455,349 |
All Other Assets | 0 |
TOTAL ASSETS | 49,315,776 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 973,253 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,433,350 |
Regular shares | 26,862,170 |
All Other Shares & Deposits | 7,430,661 |
TOTAL SHARES & DEPOSITS | 43,726,182 |
TOTAL LIABILITIES | 44,699,737 |
Regular Reserve | 0 |
Other Reserves | 475,857 |
Undivided Earnings | 4,140,182 |
TOTAL EQUITY | 4,616,039 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,315,776 |
INCOME & EXPENSE | |
Loan Income | 1,740,644 |
Investment Income | 493,593 |
Other Income | 390,664 |
Total Employee Compensation & Benefits | 877,877 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 903,739 |
Non-operating Income & (Expense) | 8 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,891 |
Cost of Funds | 46,691 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 834,207 |
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