Dec, 31, 2023 — WALLED LAKE SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in WOLVERINE LAKE, MI with 1 branch location and about $133.14 million in total assets. Opened 74 years ago in 1950, WALLED LAKE SCHOOLS FEDERAL CREDIT UNION has about 5,282 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WALLED LAKE SCHOOLS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 3095 S Commerce Rd WOLVERINE LAKE, MI 48390-1418 |
Phone: | (248) 624-5222 |
Fax: | (248) 624-0614 |
Website: | https://www.wlsfcu.com |
Branches: | 1 branch locations |
Members: | 5,282 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6613 |
---|---|
Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $133,139,913 |
CEO/Manager: | Catherine I Hawes |
Chairperson: | Neal Howald |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 11,342,677 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,503,168 |
Unsecured Loans | 6,924,330 |
Other Loans | 12,073,690 |
TOTAL LOANS | 32,501,188 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,468 |
Land And Building | 1,201,388 |
Other Fixed Assets | 971,310 |
NCUSIF Deposit | 1,202,030 |
All Other Assets | 0 |
TOTAL ASSETS | 133,139,913 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 39,808 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,440,260 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,748,139 |
Regular shares | 80,990,130 |
All Other Shares & Deposits | 15,151,357 |
TOTAL SHARES & DEPOSITS | 119,889,625 |
TOTAL LIABILITIES | 121,369,693 |
Regular Reserve | 0 |
Other Reserves | -4,538,302 |
Undivided Earnings | 16,308,522 |
TOTAL EQUITY | 11,770,220 |
TOTAL LIABILITIES, SHARES, & EQUITY | 133,139,913 |
INCOME & EXPENSE | |
Loan Income | 1,579,396 |
Investment Income | 2,023,155 |
Other Income | 99,915 |
Total Employee Compensation & Benefits | 1,285,184 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,669,060 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,224 |
Cost of Funds | 210,130 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 934,357 |
↑ Back to Top |