Dec, 31, 2023 — W S S C FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 2 branch locations and about $34.36 million in total assets. Opened 60 years ago in 1964, W S S C FEDERAL CREDIT UNION has about 3,462 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | W S S C FEDERAL CREDIT UNION |
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Address: (Main Office) | 14501 Sweitzer Ln LAUREL, MD 20707 |
Phone: | (240) 459-8005 |
Fax: | (301) 206-8481 |
Website: | https://www.wsscfcu.org |
Branches: | 2 branch locations |
Members: | 3,462 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16268 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,358,209 |
CEO/Manager: | Jeffrey S Goff |
Chairperson: | Mark Brackett |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,535,722 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,063,901 |
Unsecured Loans | 5,030,279 |
Other Loans | 10,751,426 |
TOTAL LOANS | 20,845,606 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -322,647 |
Land And Building | 0 |
Other Fixed Assets | 170,270 |
NCUSIF Deposit | 308,150 |
All Other Assets | 0 |
TOTAL ASSETS | 34,358,209 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 119,863 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,984,574 |
Regular shares | 21,304,632 |
All Other Shares & Deposits | 6,030,969 |
TOTAL SHARES & DEPOSITS | 31,320,174 |
TOTAL LIABILITIES | 31,440,037 |
Regular Reserve | 0 |
Other Reserves | -61,102 |
Undivided Earnings | 2,979,274 |
TOTAL EQUITY | 2,918,172 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,358,209 |
INCOME & EXPENSE | |
Loan Income | 1,402,780 |
Investment Income | 390,180 |
Other Income | 284,719 |
Total Employee Compensation & Benefits | 727,443 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 966,571 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,542 |
Cost of Funds | 140,262 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 148,644 |
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