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W T N M ATLANTIC FEDERAL CREDIT UNION

Dec, 31, 2023 — W T N M ATLANTIC FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER CITY, TX with 1 branch location and about $1.70 million in total assets. Opened 72 years ago in 1952, W T N M ATLANTIC FEDERAL CREDIT UNION has about 454 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:W T N M ATLANTIC FEDERAL CREDIT UNION
Address:
(Main Office)
320 E Broadway ST Ste B
DENVER CITY, TX 79323-3254
Phone:(806) 592-9225
Fax:(806) 592-3330
Website:n/a
Branches:1 branch locations
Members:454
Credit Union Type:Federal Credit Union
Charter Number:7677
Membership Type:Multiple common bond - Primarily petroleum refining
Corporate Credit Union:No
Year Opened:1952
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,695,571
CEO/Manager:Joe English
Chairperson:Kay Grandon

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 195,559
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 273,334
 Other Loans 1,132,670
 TOTAL LOANS 1,406,004
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -28,500
 Land And Building 0
 Other Fixed Assets 70
 NCUSIF Deposit 13,028
 All Other Assets 0
  TOTAL ASSETS 1,695,571
LIABILITIES & CAPITAL:  
 Dividends Payable 4,431
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,999
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,034,769
 All Other Shares & Deposits 257,670
  TOTAL SHARES & DEPOSITS 1,292,439
  TOTAL LIABILITIES 1,301,869
 Regular Reserve 0
 Other Reserves 87,870
 Undivided Earnings 305,832
  TOTAL EQUITY 393,702
  TOTAL LIABILITIES, SHARES, & EQUITY 1,695,571
INCOME & EXPENSE  
 Loan Income 130,599
 Investment Income 6,103
 Other Income 2,415
 Total Employee Compensation & Benefits 64,829
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,014
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,024
 Cost of Funds 14,565
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,837
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