Dec, 31, 2023 — WESTCONSIN CREDIT UNION is a federally insured state chartered credit union headquartered in MENOMONIE, WI with 18 branch locations and about $1.94 billion in total assets. Opened 85 years ago in 1939, WESTCONSIN CREDIT UNION has about 120,077 members and employs 428 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTCONSIN CREDIT UNION |
|---|---|
| Address: (Main Office) | 3227 Schneider Ave SE MENOMONIE, WI 54751 |
| Phone: | (715) 235-3403 |
| Fax: | (715) 232-4990 |
| Website: | https://www.westconsincu.org |
| Branches: | 18 branch locations |
| Members: | 120,077 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66742 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,938,899,963 |
| CEO/Manager: | Lora J Benrud |
| Chairperson: | Gerald J Wolf |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 67,127,465 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,216,120 |
| Real Estate Loans | 686,477,257 |
| Unsecured Loans | 64,663,710 |
| Other Loans | 617,316,898 |
| TOTAL LOANS | 1,368,488,179 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,114,164 |
| Land And Building | 33,374,945 |
| Other Fixed Assets | 3,447,130 |
| NCUSIF Deposit | 16,109,522 |
| All Other Assets | 161,500 |
| TOTAL ASSETS | 1,938,899,963 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 517,100 |
| Notes & Interest Payable | 40,180,352 |
| Accounts Payable & Other Liabilities | 31,632,847 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 398,859,814 |
| Regular shares | 514,258,001 |
| All Other Shares & Deposits | 758,660,355 |
| TOTAL SHARES & DEPOSITS | 1,671,778,170 |
| TOTAL LIABILITIES | 1,744,314,774 |
| Regular Reserve | 0 |
| Other Reserves | -44,603,942 |
| Undivided Earnings | 239,189,131 |
| TOTAL EQUITY | 194,585,189 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,938,899,963 |
| INCOME & EXPENSE | |
| Loan Income | 69,843,060 |
| Investment Income | 10,875,108 |
| Other Income | 6,130,581 |
| Total Employee Compensation & Benefits | 42,517,201 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 25,651,339 |
| Non-operating Income & (Expense) | 186,134 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,541,676 |
| Cost of Funds | 19,421,631 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,307,849 |
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