Dec, 31, 2023 — WILLOW ISLAND FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT MARYS, WV with 2 branch locations and about $11.21 million in total assets. Opened 71 years ago in 1953, WILLOW ISLAND FEDERAL CREDIT UNION has about 1,679 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WILLOW ISLAND FEDERAL CREDIT UNION |
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Address: (Main Office) | 7910 S Pleasants HWY SAINT MARYS, WV 26170-8028 |
Phone: | (304) 665-1127 |
Fax: | (304) 665-1129 |
Website: | https://wifcu.com |
Branches: | 2 branch locations |
Members: | 1,679 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 8474 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Feb 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,208,621 |
CEO/Manager: | Shelly L Winans |
Chairperson: | ROBERT T BLOUIR |
ASSETS: | $ Amount |
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Cash & Equivalents | 440,159 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,069,873 |
Other Loans | 8,122,349 |
TOTAL LOANS | 9,192,222 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,175 |
Land And Building | 238,597 |
Other Fixed Assets | 1,396 |
NCUSIF Deposit | 106,469 |
All Other Assets | 0 |
TOTAL ASSETS | 11,208,621 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,963 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,666,016 |
Regular shares | 4,981,577 |
All Other Shares & Deposits | 3,737,561 |
TOTAL SHARES & DEPOSITS | 10,385,154 |
TOTAL LIABILITIES | 10,389,117 |
Regular Reserve | 0 |
Other Reserves | 136,308 |
Undivided Earnings | 683,196 |
TOTAL EQUITY | 819,504 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,208,621 |
INCOME & EXPENSE | |
Loan Income | 501,163 |
Investment Income | 37,708 |
Other Income | 171,334 |
Total Employee Compensation & Benefits | 249,248 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 332,269 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -51,196 |
Cost of Funds | 102,854 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 77,030 |
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