Dec, 31, 2023 — WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in OAKTON, VA with 6 branch locations and about $1.22 billion in total assets. Opened 71 years ago in 1953, WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION has about 48,024 members and employs 144 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10461 White Granite Dr OAKTON, VA 22124 |
| Phone: | (703) 934-8300 |
| Fax: | (703) 352-3452 |
| Website: | https://www.congressionalfcu.org |
| Branches: | 6 branch locations |
| Members: | 48,024 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8797 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,223,468,413 |
| CEO/Manager: | Rod Boddie |
| Chairperson: | James J Kaelin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 72,022,697 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,115,900 |
| Real Estate Loans | 579,133,402 |
| Unsecured Loans | 89,802,079 |
| Other Loans | 66,716,093 |
| TOTAL LOANS | 735,651,575 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,425,719 |
| Land And Building | 6,547,598 |
| Other Fixed Assets | 2,292,941 |
| NCUSIF Deposit | 9,234,400 |
| All Other Assets | 99,935 |
| TOTAL ASSETS | 1,223,468,413 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 402,975 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 11,794,556 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 320,943,367 |
| Regular shares | 227,244,643 |
| All Other Shares & Deposits | 540,003,400 |
| TOTAL SHARES & DEPOSITS | 1,088,191,410 |
| TOTAL LIABILITIES | 1,120,388,941 |
| Regular Reserve | 0 |
| Other Reserves | -18,235,330 |
| Undivided Earnings | 121,314,802 |
| TOTAL EQUITY | 103,079,472 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,223,468,413 |
| INCOME & EXPENSE | |
| Loan Income | 32,999,301 |
| Investment Income | 15,109,977 |
| Other Income | 1,792,461 |
| Total Employee Compensation & Benefits | 15,539,211 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,590,222 |
| Non-operating Income & (Expense) | 441,305 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,568,236 |
| Cost of Funds | 11,357,962 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,654,899 |
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