Dec, 31, 2023 — WOODMEN FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 1 branch location and about $9.29 million in total assets. Opened 90 years ago in 1934, WOODMEN FEDERAL CREDIT UNION has about 929 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WOODMEN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 FARNAM ST STE 1000 OMAHA, NE 68102 |
| Phone: | (402) 271-7285 |
| Fax: | (402) 449-7752 |
| Website: | https://www.woodmenfcu.org |
| Branches: | 1 branch locations |
| Members: | 929 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16 |
|---|---|
| Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,293,306 |
| CEO/Manager: | Clayton Steinberg |
| Chairperson: | Michelle R Benham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 116,079 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,170,986 |
| Unsecured Loans | 412,134 |
| Other Loans | 2,374,434 |
| TOTAL LOANS | 3,957,554 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,702 |
| Land And Building | 0 |
| Other Fixed Assets | 2,184 |
| NCUSIF Deposit | 84,714 |
| All Other Assets | 0 |
| TOTAL ASSETS | 9,293,306 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,930 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -13,759 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,030,867 |
| Regular shares | 5,039,028 |
| All Other Shares & Deposits | 961,209 |
| TOTAL SHARES & DEPOSITS | 8,031,106 |
| TOTAL LIABILITIES | 8,024,277 |
| Regular Reserve | 0 |
| Other Reserves | 479,074 |
| Undivided Earnings | 789,955 |
| TOTAL EQUITY | 1,269,029 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,293,306 |
| INCOME & EXPENSE | |
| Loan Income | 175,867 |
| Investment Income | 162,258 |
| Other Income | 33,137 |
| Total Employee Compensation & Benefits | 204,157 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 150,076 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 15,088 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,708 |
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