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 |
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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 |
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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 |
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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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