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About Us

Wheelhouse Credit Union 
October 2018

The financials contained in this page are unaudited.

Income Statement

  YTD October
Loan Interest Income $9,557,609.18 $997,036.03
Investments Interest Income $559,622.72 $44,904.38
Total Interest Income $10,117,231.90 $1,041,940.41
Deposit Interest Expense ($467,443.21) ($59,154.08)
Borrowing Expense ($0.00) ($0.00)
Total Interest Expense ($467,443.21) ($59,154.08)
Net Interest Margin $9,649,788.69 $982,786.33
Other Income $2,981,382.52 $282,419.03
Operating Expense ($10,539,483.91) ($1,213,606.99)
Provision For Loan Loss ($564,633.75) ($52,612.33)
Gross Income $13,098,614.42 $1,324,359.44
Gross Expense ($11,571,590.87) ($1,325,373.40)
Net Income $1,527,023.55 ($1,013.96)
 

Balance Sheet

Assets: October
Loans $243,775,076.21
Allowance for Loan Losses ($3,185,836.63)
Deferred Fees ($2,980,782.60)
Net Loans $237,608,456.98
Accounts Receivable $2,011,852.41
Cash & Equivalents $15,468,052.24
Investments $34,412,306.46
Fixed & Other Assets $11,626,978.69
Total Assets $283,647,742.13
Liabilities:  
Total Deposits $243,380,985.59
Accounts Payable & Other Liabilities $10,395,885.85
Total Liabilities $253,776,871.44
Equity:  
Retained Earnings $16,739,080.99
Regular Reserve $11,882,096.16
Current Earnings $1,527,023.55
Unrealized G/L ($277,330.01)
Total Equity $29,870,870.69
Total Liabilities & Equity $283,647,742.13

 

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