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DOR WIC FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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