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WISCONSIN LATVIAN, INC. CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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