WARD COUNTY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://wardcountycreditunion.net/ for more information.
Dec, 31, 2023 — WARD COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in MONAHANS, TX with 1 branch location and about $19.38 million in total assets. Opened 67 years ago in 1957, WARD COUNTY CREDIT UNION has about 1,350 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WARD COUNTY CREDIT UNION |
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Address: (Main Office) | 301 S MAIN AVE MONAHANS, TX 79756 |
Phone: | (432) 943-3445 |
Fax: | (432) 943-9208 |
Website: | https://wardcountycreditunion.net/ |
Branches: | 1 branch locations |
Members: | 1,350 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67571 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,384,635 |
CEO/Manager: | Kay Swan |
Chairperson: | Steve Tuxhorn |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,848,444 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 468,750 |
Other Loans | 4,351,943 |
TOTAL LOANS | 4,820,693 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,436 |
Land And Building | 264,209 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 166,998 |
All Other Assets | 0 |
TOTAL ASSETS | 19,384,635 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 398,046 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,564,175 |
Regular shares | 8,610,084 |
All Other Shares & Deposits | 4,454,872 |
TOTAL SHARES & DEPOSITS | 17,629,131 |
TOTAL LIABILITIES | 18,027,177 |
Regular Reserve | 0 |
Other Reserves | 170,764 |
Undivided Earnings | 1,186,694 |
TOTAL EQUITY | 1,357,458 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,384,635 |
INCOME & EXPENSE | |
Loan Income | 203,075 |
Investment Income | 82,042 |
Other Income | 158,167 |
Total Employee Compensation & Benefits | 214,737 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 440,789 |
Non-operating Income & (Expense) | 14,969 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,500 |
Cost of Funds | 4,873 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -208,646 |
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