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CORRECTIONAL WORKERS FEDERAL CREDIT UNION

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
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
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

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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