Dec, 31, 2023 — TEAM AND WHEEL FEDERAL CREDIT UNION is a federal credit union headquartered in WINSTON SALEM, NC with 1 branch location and about $14.06 million in total assets. Opened 50 years ago in 1974, TEAM AND WHEEL FEDERAL CREDIT UNION has about 1,781 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TEAM AND WHEEL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1405 Trademart Blvd WINSTON SALEM, NC 27127-5645 |
Phone: | (336) 785-0103 |
Fax: | (336) 788-5421 |
Website: | https://www.team-wheelfcu.org |
Branches: | 1 branch locations |
Members: | 1,781 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21639 |
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Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,063,375 |
CEO/Manager: | Juanita B Brewer |
Chairperson: | WILBERT LEONARD |
ASSETS: | $ Amount |
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Cash & Equivalents | 842,005 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,304,871 |
Other Loans | 7,936,023 |
TOTAL LOANS | 10,240,894 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,838 |
Land And Building | 173,266 |
Other Fixed Assets | 12,121 |
NCUSIF Deposit | 131,030 |
All Other Assets | 3,691 |
TOTAL ASSETS | 14,063,375 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4 |
Notes & Interest Payable | 582,148 |
Accounts Payable & Other Liabilities | 52,994 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,291,610 |
Regular shares | 10,107,710 |
All Other Shares & Deposits | 311,172 |
TOTAL SHARES & DEPOSITS | 11,710,492 |
TOTAL LIABILITIES | 12,345,638 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,717,737 |
TOTAL EQUITY | 1,717,737 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,063,375 |
INCOME & EXPENSE | |
Loan Income | 521,197 |
Investment Income | 108,424 |
Other Income | 53,185 |
Total Employee Compensation & Benefits | 245,671 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 451,840 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,673 |
Cost of Funds | 12,883 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -963 |
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