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WILLOW ISLAND FEDERAL CREDIT UNION

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
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
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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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