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DOR WIC FEDERAL CREDIT UNION

Jun, 30, 2021 — DOR WIC FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, MD with 1 branch location and about $10.43 million in total assets. Opened 67 years ago in 1954, DOR WIC FEDERAL CREDIT UNION has about 1,215 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DOR WIC FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 3392
SALISBURY, MD 21801
Phone:(410) 543-0466
Fax:(410) 543-2037
Website:n/a
Branches:1 branch locations
Members:1,215
Credit Union Type:Federal Credit Union
Charter Number:9585
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,425,197
CEO/Manager:Wendy L Bailey
Chairperson:Phillip L Wood

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 648,951
TOTAL INVESTMENTS 5,454,262
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 684,054
 Other Loans 3,554,150
 TOTAL LOANS 4,238,204
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,182
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 80,438
 All Other Assets 23,524
  TOTAL ASSETS 10,425,197
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,479
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 8,697,046
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 8,697,046
  TOTAL LIABILITIES 8,743,525
 Regular Reserve 135,782
 Other Reserves 123,821
 Undivided Earnings 1,422,069
  TOTAL EQUITY 1,681,672
  TOTAL LIABILITIES, SHARES, & EQUITY 10,425,197
INCOME & EXPENSE  
 Loan Income 128,997
 Investment Income 49,596
 Other Income 3,629
 Total Employee Compensation & Benefits 97,511
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 44,444
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,750
 Cost of Funds 442,483
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -408,088
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