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WOR CO FEDERAL CREDIT UNION

Jun, 30, 2021 — WOR CO FEDERAL CREDIT UNION is a federal credit union headquartered in POCOMOKE CITY, MD with 1 branch location and about $2.73 million in total assets. Opened 67 years ago in 1954, WOR CO FEDERAL CREDIT UNION has about 607 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WOR CO FEDERAL CREDIT UNION
Address:
(Main Office)
1506 MARKET ST, P.O. BOX 58
POCOMOKE CITY, MD 21851
Phone:(410) 957-4521
Fax:(410) 957-1640
Website:n/a
Branches:1 branch locations
Members:607
Credit Union Type:Federal Credit Union
Charter Number:9603
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$2,733,730
CEO/Manager:Sheila N Lee
Chairperson:George T Mason

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,069,102
TOTAL INVESTMENTS 249,962
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 234,450
 Other Loans 166,280
 TOTAL LOANS 400,730
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,095
 Land And Building 0
 Other Fixed Assets 131
 NCUSIF Deposit 22,255
 All Other Assets 6,645
  TOTAL ASSETS 2,733,730
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,118
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,285,737
 All Other Shares & Deposits 191,702
  TOTAL SHARES & DEPOSITS 2,477,439
  TOTAL LIABILITIES 2,483,557
 Regular Reserve 41,284
 Other Reserves 0
 Undivided Earnings 208,889
  TOTAL EQUITY 250,173
  TOTAL LIABILITIES, SHARES, & EQUITY 2,733,730
INCOME & EXPENSE  
 Loan Income 21,278
 Investment Income 6,091
 Other Income 942
 Total Employee Compensation & Benefits 19,755
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,012
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,329
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,541
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