Dec, 31, 2021 — WILLOW ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT MARYS, WV with 2 branch locations and about $11.11 million in total assets. Opened 69 years ago in 1953, WILLOW ISLAND FEDERAL CREDIT UNION has about 1,753 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WILLOW ISLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7910 S Pleasants HWY SAINT MARYS, WV 26170-8028 |
| Phone: | (304) 665-1127 |
| Fax: | (304) 665-1129 |
| Website: | http://wifcu.com |
| Branches: | 2 branch locations |
| Members: | 1,753 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8474 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,109,632 |
| CEO/Manager: | Shelly L Winans |
| Chairperson: | ROBERT T BLOUIR |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,072,181 |
| TOTAL INVESTMENTS | 2,307,523 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 815,106 |
| Other Loans | 6,634,087 |
| TOTAL LOANS | 7,449,193 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,941 |
| Land And Building | 170,038 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 92,103 |
| All Other Assets | 31,535 |
| TOTAL ASSETS | 11,109,632 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,074 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,547,450 |
| Regular shares | 5,481,638 |
| All Other Shares & Deposits | 3,295,503 |
| TOTAL SHARES & DEPOSITS | 10,324,591 |
| TOTAL LIABILITIES | 10,326,665 |
| Regular Reserve | 173,891 |
| Other Reserves | 0 |
| Undivided Earnings | 609,076 |
| TOTAL EQUITY | 782,967 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,109,632 |
| INCOME & EXPENSE | |
| Loan Income | 355,229 |
| Investment Income | 22,412 |
| Other Income | 141,407 |
| Total Employee Compensation & Benefits | 212,515 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 289,638 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -16,034 |
| Cost of Funds | 47,738 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -14,809 |
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