Dec, 31, 2023 — SKYWARD CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 7 branch locations and about $400.43 million in total assets. Opened 83 years ago in 1941, SKYWARD CREDIT UNION has about 20,361 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SKYWARD CREDIT UNION |
|---|---|
| Address: (Main Office) | 4 Cessna Blvd WICHITA, KS 67215-1423 |
| Phone: | (316) 440-9690 |
| Fax: | (316) 779-8966 |
| Website: | https://www.skywardcu.com |
| Branches: | 7 branch locations |
| Members: | 20,361 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63300 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $400,428,924 |
| CEO/Manager: | Kevin Wilmoth |
| Chairperson: | Holly Dixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,983,780 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 59,850 |
| Real Estate Loans | 63,653,736 |
| Unsecured Loans | 16,739,341 |
| Other Loans | 117,310,293 |
| TOTAL LOANS | 197,703,369 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,036,100 |
| Land And Building | 5,462,635 |
| Other Fixed Assets | 4,541,318 |
| NCUSIF Deposit | 3,178,684 |
| All Other Assets | 478,034 |
| TOTAL ASSETS | 400,428,924 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 878,685 |
| Notes & Interest Payable | 46,337,941 |
| Accounts Payable & Other Liabilities | 5,181,577 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,873,075 |
| Regular shares | 128,700,420 |
| All Other Shares & Deposits | 155,234,313 |
| TOTAL SHARES & DEPOSITS | 324,807,811 |
| TOTAL LIABILITIES | 377,206,014 |
| Regular Reserve | 0 |
| Other Reserves | -34,749,109 |
| Undivided Earnings | 57,972,019 |
| TOTAL EQUITY | 23,222,910 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 400,428,924 |
| INCOME & EXPENSE | |
| Loan Income | 10,395,600 |
| Investment Income | 4,570,676 |
| Other Income | 1,616,140 |
| Total Employee Compensation & Benefits | 4,836,031 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,811,315 |
| Non-operating Income & (Expense) | -1,993 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 651,958 |
| Cost of Funds | 6,926,357 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -773,638 |
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