OWOSSO W B C FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — OWOSSO W B C FEDERAL CREDIT UNION is a federal credit union headquartered in OWOSSO, MI with 1 branch location and about $5.48 million in total assets. Opened 72 years ago in 1952, OWOSSO W B C FEDERAL CREDIT UNION has about 776 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OWOSSO W B C FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 947 AIKEN ST OWOSSO, MI 48867-3909 |
| Phone: | (989) 725-2377 |
| Fax: | (989) 725-5421 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 776 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7673 |
|---|---|
| Membership Type: | Manufacturing - Transportation Equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,475,015 |
| CEO/Manager: | KELLY M BOCEK |
| Chairperson: | Duane A Quackenbush |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,478,794 |
| TOTAL INVESTMENTS | 1,592,860 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 192,967 |
| Other Loans | 1,170,118 |
| TOTAL LOANS | 1,363,085 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,623 |
| Land And Building | 0 |
| Other Fixed Assets | 10,899 |
| NCUSIF Deposit | 41,000 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,475,015 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,314 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 91,623 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 705,134 |
| Regular shares | 3,800,082 |
| All Other Shares & Deposits | 384,788 |
| TOTAL SHARES & DEPOSITS | 4,890,004 |
| TOTAL LIABILITIES | 4,982,941 |
| Regular Reserve | 80,047 |
| Other Reserves | 0 |
| Undivided Earnings | 412,027 |
| TOTAL EQUITY | 492,074 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,475,015 |
| INCOME & EXPENSE | |
| Loan Income | 40,503 |
| Investment Income | 9,669 |
| Other Income | 10,301 |
| Total Employee Compensation & Benefits | 64,805 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 31,599 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,101 |
| Cost of Funds | 2,389 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -36,026 |
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