Dec, 31, 2023 — WHITING REFINERY FEDERAL CREDIT UNION is a federal credit union headquartered in WHITING, IN with 1 branch location and about $52.95 million in total assets. Opened 89 years ago in 1935, WHITING REFINERY FEDERAL CREDIT UNION has about 2,043 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WHITING REFINERY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1339 119th St WHITING, IN 46394 |
| Phone: | (219) 659-3254 |
| Fax: | (219) 659-0790 |
| Website: | https://www.wrfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,043 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 198 |
|---|---|
| Membership Type: | Multiple common bond - Primarily petroleum refining |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,949,446 |
| CEO/Manager: | Julie F Boyle |
| Chairperson: | Carl Towner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,113,582 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,711,171 |
| Unsecured Loans | 1,357,929 |
| Other Loans | 10,537,777 |
| TOTAL LOANS | 20,606,877 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,083 |
| Land And Building | 166,495 |
| Other Fixed Assets | 49,292 |
| NCUSIF Deposit | 374,608 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,949,446 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,228 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,144 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,304,860 |
| Regular shares | 21,646,981 |
| All Other Shares & Deposits | 16,245,611 |
| TOTAL SHARES & DEPOSITS | 39,197,452 |
| TOTAL LIABILITIES | 39,289,824 |
| Regular Reserve | 0 |
| Other Reserves | 826,156 |
| Undivided Earnings | 12,833,466 |
| TOTAL EQUITY | 13,659,622 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,949,446 |
| INCOME & EXPENSE | |
| Loan Income | 715,299 |
| Investment Income | 674,658 |
| Other Income | 16,462 |
| Total Employee Compensation & Benefits | 295,880 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 364,545 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,582 |
| Cost of Funds | 700,948 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 125,470 |
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