Dec, 31, 2023 — CORRECTIONAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in EL RENO, OK with 1 branch location and about $10.77 million in total assets. Opened 88 years ago in 1936, CORRECTIONAL WORKERS FEDERAL CREDIT UNION has about 1,567 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CORRECTIONAL WORKERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 406 REFORMATORY CIR EL RENO, OK 73036-2174 |
Phone: | (405) 262-1291 |
Fax: | (405) 262-1302 |
Website: | https://www.cw-fcu.com |
Branches: | 1 branch locations |
Members: | 1,567 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1113 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,771,189 |
CEO/Manager: | ROBIN L ROBINSON |
Chairperson: | Ebenezer Quartey |
ASSETS: | $ Amount |
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Cash & Equivalents | 893,326 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,041,155 |
Unsecured Loans | 188,775 |
Other Loans | 3,787,159 |
TOTAL LOANS | 5,017,088 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,765 |
Land And Building | 0 |
Other Fixed Assets | 284 |
NCUSIF Deposit | 108,869 |
All Other Assets | 0 |
TOTAL ASSETS | 10,771,189 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,189 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 28,124 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,575,578 |
Regular shares | 7,545,329 |
All Other Shares & Deposits | 15,247 |
TOTAL SHARES & DEPOSITS | 9,136,153 |
TOTAL LIABILITIES | 9,170,466 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,600,723 |
TOTAL EQUITY | 1,600,723 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,771,189 |
INCOME & EXPENSE | |
Loan Income | 231,578 |
Investment Income | 168,867 |
Other Income | 7,870 |
Total Employee Compensation & Benefits | 150,081 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 170,382 |
Non-operating Income & (Expense) | 10,379 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,765 |
Cost of Funds | 21,798 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 82,012 |
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