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.
Name: | WATER AND POWER COMMUNITY CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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