Dec, 31, 2023 — WESTERN DIVISION FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSVILLE, NY with 2 branch locations and about $196.76 million in total assets. Opened 87 years ago in 1937, WESTERN DIVISION FEDERAL CREDIT UNION has about 10,090 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERN DIVISION FEDERAL CREDIT UNION |
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Address: (Main Office) | 6750 MAIN ST WILLIAMSVILLE, NY 14221 |
Phone: | (716) 632-9328 |
Fax: | (716) 632-1383 |
Website: | https://www.westerndivision.org |
Branches: | 2 branch locations |
Members: | 10,090 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24731 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $196,756,378 |
CEO/Manager: | Robert Harms |
Chairperson: | Paul Jackson |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,193,502 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 68,983,868 |
Unsecured Loans | 7,017,064 |
Other Loans | 53,598,987 |
TOTAL LOANS | 129,599,919 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -285,306 |
Land And Building | 650,173 |
Other Fixed Assets | 492,151 |
NCUSIF Deposit | 1,522,358 |
All Other Assets | 5,100 |
TOTAL ASSETS | 196,756,378 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 37 |
Notes & Interest Payable | 6,000,000 |
Accounts Payable & Other Liabilities | 650,643 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,281,886 |
Regular shares | 70,567,874 |
All Other Shares & Deposits | 71,934,841 |
TOTAL SHARES & DEPOSITS | 162,784,600 |
TOTAL LIABILITIES | 169,435,280 |
Regular Reserve | 0 |
Other Reserves | 5,074,958 |
Undivided Earnings | 22,246,140 |
TOTAL EQUITY | 27,321,098 |
TOTAL LIABILITIES, SHARES, & EQUITY | 196,756,378 |
INCOME & EXPENSE | |
Loan Income | 5,686,863 |
Investment Income | 1,775,979 |
Other Income | 231,458 |
Total Employee Compensation & Benefits | 2,321,153 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,188,928 |
Non-operating Income & (Expense) | -53,002 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 274,373 |
Cost of Funds | 2,375,951 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,029,938 |
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