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WILLOW ISLAND FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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