Dec, 31, 2023 — WISCONSIN LATVIAN, INC. CREDIT UNION is a federally insured state chartered credit union headquartered in MILWAUKEE, WI with 1 branch location and about $2.93 million in total assets. Opened 63 years ago in 1961, WISCONSIN LATVIAN, INC. CREDIT UNION has about 376 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WISCONSIN LATVIAN, INC. CREDIT UNION |
|---|---|
| Address: (Main Office) | 1219 N Cass St MILWAUKEE, WI 53202 |
| Phone: | (414) 332-1744 |
| Fax: | (414) 332-0556 |
| Website: | https://www.wislat.com |
| Branches: | 1 branch locations |
| Members: | 376 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66686 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,932,399 |
| CEO/Manager: | Sandra Mednis |
| Chairperson: | John Staks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 287,445 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,335,759 |
| Unsecured Loans | 33,932 |
| Other Loans | 407,957 |
| TOTAL LOANS | 1,777,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,228 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 28,728 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,932,399 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,135 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,241,387 |
| All Other Shares & Deposits | 1,374,229 |
| TOTAL SHARES & DEPOSITS | 2,615,616 |
| TOTAL LIABILITIES | 2,625,751 |
| Regular Reserve | 0 |
| Other Reserves | 51,000 |
| Undivided Earnings | 255,648 |
| TOTAL EQUITY | 306,648 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,932,399 |
| INCOME & EXPENSE | |
| Loan Income | 82,582 |
| Investment Income | 53,685 |
| Other Income | 2,700 |
| Total Employee Compensation & Benefits | 39,535 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 42,061 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 44,591 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,780 |
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