Sep, 30, 2022 — WINSOUTH CREDIT UNION is a non-federally insured state credit union headquartered in GADSDEN, AL with 11 branch locations and about $382.93 million in total assets. Opened 72 years ago in 1951, WINSOUTH CREDIT UNION has about 36,124 members and employs 117 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WINSOUTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 S 26TH ST GADSDEN, AL 35904-1935 |
| Phone: | (256) 543-7302 |
| Fax: | (256) 543-7387 |
| Website: | https://www.winsouthcu.com |
| Branches: | 11 branch locations |
| Members: | 36,124 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97076 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $382,933,514 |
| CEO/Manager: | DAVID EUBANKS |
| Chairperson: | CHARLES ATCHLEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,702,495 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 94,920,811 |
| Unsecured Loans | 11,731,206 |
| Other Loans | 126,844,361 |
| TOTAL LOANS | 233,982,213 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,032,517 |
| Land And Building | 6,053,939 |
| Other Fixed Assets | 260,870 |
| NCUSIF Deposit | 0 |
| All Other Assets | 376,882 |
| TOTAL ASSETS | 382,933,514 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,976 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,694,162 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 68,698,813 |
| Regular shares | 126,224,460 |
| All Other Shares & Deposits | 167,069,903 |
| TOTAL SHARES & DEPOSITS | 361,993,176 |
| TOTAL LIABILITIES | 365,717,314 |
| Regular Reserve | 0 |
| Other Reserves | 2,795,442 |
| Undivided Earnings | 14,420,758 |
| TOTAL EQUITY | 17,216,200 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 382,933,514 |
| INCOME & EXPENSE | |
| Loan Income | 6,741,237 |
| Investment Income | 1,734,574 |
| Other Income | 2,356,280 |
| Total Employee Compensation & Benefits | 5,081,510 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,734,509 |
| Non-operating Income & (Expense) | 631,248 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 786,380 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,203,344 |
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