Dec, 31, 2023 — WINSOUTH CREDIT UNION is a non-federally insured state credit union headquartered in GADSDEN, AL with 9 branch locations and about $393.63 million in total assets. Opened 73 years ago in 1951, WINSOUTH CREDIT UNION has about 36,180 members and employs 122 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 |
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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: | 9 branch locations |
Members: | 36,180 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 97076 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $393,632,160 |
CEO/Manager: | DAVID EUBANKS |
Chairperson: | RONALD PATRICK |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,647,346 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 107,595,360 |
Unsecured Loans | 13,111,318 |
Other Loans | 150,801,552 |
TOTAL LOANS | 272,036,045 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,009,995 |
Land And Building | 5,751,442 |
Other Fixed Assets | 212,925 |
NCUSIF Deposit | 0 |
All Other Assets | 376,882 |
TOTAL ASSETS | 393,632,160 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 26,380 |
Notes & Interest Payable | 10,012,305 |
Accounts Payable & Other Liabilities | 2,368,703 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 67,198,136 |
Regular shares | 112,308,934 |
All Other Shares & Deposits | 181,621,074 |
TOTAL SHARES & DEPOSITS | 361,128,144 |
TOTAL LIABILITIES | 373,535,532 |
Regular Reserve | 0 |
Other Reserves | -20,857,038 |
Undivided Earnings | 40,953,666 |
TOTAL EQUITY | 20,096,628 |
TOTAL LIABILITIES, SHARES, & EQUITY | 393,632,160 |
INCOME & EXPENSE | |
Loan Income | 13,299,130 |
Investment Income | 2,343,465 |
Other Income | 3,247,630 |
Total Employee Compensation & Benefits | 6,577,634 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,347,842 |
Non-operating Income & (Expense) | 277,268 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 855,000 |
Cost of Funds | 3,777,322 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,124,421 |
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