Dec, 31, 2023 — WESTAR FEDERAL CREDIT UNION is a federal credit union headquartered in CAMILLUS, NY with 3 branch locations and about $34.22 million in total assets. Opened 61 years ago in 1963, WESTAR FEDERAL CREDIT UNION has about 2,008 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTAR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2565 Hambletonian Way CAMILLUS, NY 13031 |
| Phone: | (315) 672-7827 |
| Fax: | (315) 672-9282 |
| Website: | https://www.westarfcu.com |
| Branches: | 3 branch locations |
| Members: | 2,008 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15386 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,216,087 |
| CEO/Manager: | Karen F Grabowski |
| Chairperson: | Brian Kesel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,599,892 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,663,468 |
| Unsecured Loans | 1,457,946 |
| Other Loans | 7,228,936 |
| TOTAL LOANS | 13,350,352 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,556 |
| Land And Building | 108,228 |
| Other Fixed Assets | 5,137 |
| NCUSIF Deposit | 320,006 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,216,087 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,976 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,196 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,799,056 |
| Regular shares | 17,810,927 |
| All Other Shares & Deposits | 6,311,169 |
| TOTAL SHARES & DEPOSITS | 30,921,153 |
| TOTAL LIABILITIES | 30,940,325 |
| Regular Reserve | 0 |
| Other Reserves | 450,000 |
| Undivided Earnings | 2,825,762 |
| TOTAL EQUITY | 3,275,762 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,216,087 |
| INCOME & EXPENSE | |
| Loan Income | 766,923 |
| Investment Income | 362,240 |
| Other Income | 59,214 |
| Total Employee Compensation & Benefits | 533,506 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 333,777 |
| Non-operating Income & (Expense) | 1,280,314 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,506 |
| Cost of Funds | 75,993 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,362,909 |
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