Dec, 31, 2023 — WINSTON-SALEM FEDERAL CREDIT UNION is a federal credit union headquartered in WINSTON SALEM, NC with 1 branch location and about $59.61 million in total assets. Opened 67 years ago in 1957, WINSTON-SALEM FEDERAL CREDIT UNION has about 9,111 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WINSTON-SALEM FEDERAL CREDIT UNION |
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Address: (Main Office) | 711 E SALEM AVE WINSTON SALEM, NC 27101-5365 |
Phone: | (336) 727-2663 |
Fax: | (336) 727-8422 |
Website: | https://www.mywsfcu.org |
Branches: | 1 branch locations |
Members: | 9,111 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24814 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $59,606,650 |
CEO/Manager: | John Jameson |
Chairperson: | Kevin Lyons |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,534,537 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,200,502 |
Unsecured Loans | 5,192,925 |
Other Loans | 5,937,168 |
TOTAL LOANS | 20,330,595 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -473,351 |
Land And Building | 859,554 |
Other Fixed Assets | 79,424 |
NCUSIF Deposit | 525,683 |
All Other Assets | 36,850 |
TOTAL ASSETS | 59,606,650 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,306,234 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,285,568 |
Regular shares | 15,161,115 |
All Other Shares & Deposits | 25,364,910 |
TOTAL SHARES & DEPOSITS | 51,811,594 |
TOTAL LIABILITIES | 53,117,837 |
Regular Reserve | 0 |
Other Reserves | 1,632,055 |
Undivided Earnings | 4,856,758 |
TOTAL EQUITY | 6,488,813 |
TOTAL LIABILITIES, SHARES, & EQUITY | 59,606,650 |
INCOME & EXPENSE | |
Loan Income | 1,654,616 |
Investment Income | 1,441,623 |
Other Income | 1,114,911 |
Total Employee Compensation & Benefits | 1,784,842 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,141,837 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 444,704 |
Cost of Funds | 425,625 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -53,003 |
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