Dec, 31, 2023 — WNC COMMUNITY CREDIT UNION (WNCCCU) is a federally insured state chartered credit union headquartered in WAYNESVILLE, NC with 1 branch location and about $101.67 million in total assets. Opened 78 years ago in 1946, WNC COMMUNITY CREDIT UNION (WNCCCU) has about 3,994 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WNC COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 27 Kent Ln WAYNESVILLE, NC 28786-6099 |
| Phone: | (828) 456-1840 |
| Fax: | (828) 456-1877 |
| Website: | https://wncccu.org |
| Branches: | 1 branch locations |
| Members: | 3,994 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66854 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $101,668,575 |
| CEO/Manager: | William L Roberts |
| Chairperson: | Bobby V Capps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,187,715 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,286,527 |
| Unsecured Loans | 1,273,618 |
| Other Loans | 5,315,788 |
| TOTAL LOANS | 53,078,085 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -361,957 |
| Land And Building | 1,372,198 |
| Other Fixed Assets | 131,161 |
| NCUSIF Deposit | 772,962 |
| All Other Assets | 66,000 |
| TOTAL ASSETS | 101,668,575 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,547 |
| Notes & Interest Payable | 9,000,000 |
| Accounts Payable & Other Liabilities | 355,471 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,657,162 |
| Regular shares | 54,760,599 |
| All Other Shares & Deposits | 15,677,745 |
| TOTAL SHARES & DEPOSITS | 77,095,506 |
| TOTAL LIABILITIES | 86,492,309 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 15,176,266 |
| TOTAL EQUITY | 15,176,266 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 101,668,575 |
| INCOME & EXPENSE | |
| Loan Income | 2,289,588 |
| Investment Income | 784,151 |
| Other Income | 226,247 |
| Total Employee Compensation & Benefits | 905,470 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 968,924 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -14,543 |
| Cost of Funds | 1,046,060 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 492,115 |
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