DOR WIC FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — DOR WIC FEDERAL CREDIT UNION is a federal credit union headquartered in SALISBURY, MD with 1 branch location and about $10.20 million in total assets. Opened 70 years ago in 1954, DOR WIC FEDERAL CREDIT UNION has about 1,197 members 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: | 1,197 |
| 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: | $10,200,236 |
| CEO/Manager: | Wendy L Bailey |
| Chairperson: | Phillip L Wood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 837,066 |
| TOTAL INVESTMENTS | 5,183,274 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 648,144 |
| Other Loans | 3,443,308 |
| TOTAL LOANS | 4,091,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,281 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 80,438 |
| All Other Assets | 28,287 |
| TOTAL ASSETS | 10,200,236 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 559 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,511,189 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 8,511,189 |
| TOTAL LIABILITIES | 8,511,748 |
| Regular Reserve | 135,782 |
| Other Reserves | 92,425 |
| Undivided Earnings | 1,460,281 |
| TOTAL EQUITY | 1,688,488 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,200,236 |
| INCOME & EXPENSE | |
| Loan Income | 192,323 |
| Investment Income | 74,092 |
| Other Income | 5,532 |
| Total Employee Compensation & Benefits | 122,880 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 50,059 |
| 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 | 463,892 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -369,875 |
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