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WATER AND POWER COMMUNITY CREDIT UNION

Dec, 31, 2023 — WATER AND POWER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ANGELES, CA with 4 branch locations and about $971.89 million in total assets. Opened 88 years ago in 1936, WATER AND POWER COMMUNITY CREDIT UNION has about 44,861 members and employs 121 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322078422
Name:WATER AND POWER COMMUNITY CREDIT UNION
Address:
(Main Office)
1053 W Sunset Blvd
LOS ANGELES, CA 90012-2134
Phone:(213) 580-1600
Fax:
Website:https://www.wpcu.org
Branches:4 branch locations
Members:44,861
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68493
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$971,890,704
CEO/Manager:Mike Tufegdzich
Chairperson:Nora Yusa

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 44,466,266
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 277,424,945
 Unsecured Loans 69,904,741
 Other Loans 313,018,780
 TOTAL LOANS 660,348,466
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,097,112
 Land And Building 4,640,237
 Other Fixed Assets 659,850
 NCUSIF Deposit 7,623,111
 All Other Assets 0
  TOTAL ASSETS 971,890,704
LIABILITIES & CAPITAL:  
 Dividends Payable 1,367,456
 Notes & Interest Payable 88,000,000
 Accounts Payable & Other Liabilities 8,086,775
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 10,000,000
 Share Drafts 210,661,584
 Regular shares 333,651,213
 All Other Shares & Deposits 280,133,922
  TOTAL SHARES & DEPOSITS 824,446,719
  TOTAL LIABILITIES 931,900,950
 Regular Reserve 0
 Other Reserves -32,751,761
 Undivided Earnings 72,741,515
  TOTAL EQUITY 39,989,754
  TOTAL LIABILITIES, SHARES, & EQUITY 971,890,704
INCOME & EXPENSE  
 Loan Income 30,056,537
 Investment Income 6,389,138
 Other Income 3,172,622
 Total Employee Compensation & Benefits 14,640,468
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 14,354,078
 Non-operating Income & (Expense) 2,756,019
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,746,511
 Cost of Funds 6,403,715
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,487,039
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