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WILLOW ISLAND FEDERAL CREDIT UNION

Mar, 31, 2021 — WILLOW ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in Saint Marys, WV with 2 branch locations and about $10.77 million in total assets. Opened 68 years ago in 1953, WILLOW ISLAND FEDERAL CREDIT UNION has about 1,703 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 Highway
Saint Marys, WV 26170
Phone:(304) 665-1127
Fax:(304) 665-1129
Website:http://wifcu.com
Branches:2 branch locations
Members:1,703
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:$10,768,702
CEO/Manager:Shelly L Winans
Chairperson:ROBERT T BLOUIR

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,689,409
TOTAL INVESTMENTS 2,555,523
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 757,917
 Other Loans 5,500,388
 TOTAL LOANS 6,258,305
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,554
 Land And Building 176,939
 Other Fixed Assets 342
 NCUSIF Deposit 77,038
 All Other Assets 33,700
  TOTAL ASSETS 10,768,702
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,406
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,827,020
 Regular shares 5,478,665
 All Other Shares & Deposits 2,686,591
  TOTAL SHARES & DEPOSITS 9,992,276
  TOTAL LIABILITIES 10,002,682
 Regular Reserve 173,891
 Other Reserves 0
 Undivided Earnings 592,129
  TOTAL EQUITY 766,020
  TOTAL LIABILITIES, SHARES, & EQUITY 10,768,702
INCOME & EXPENSE  
 Loan Income 88,702
 Investment Income 3,652
 Other Income 32,471
 Total Employee Compensation & Benefits 58,145
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,983
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,506
 Cost of Funds 12,628
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,283
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