Dec, 31, 2023 — WEST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in O FALLON, MO with 10 branch locations and about $469.36 million in total assets. Opened 88 years ago in 1936, WEST COMMUNITY CREDIT UNION has about 32,276 members and employs 124 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEST COMMUNITY CREDIT UNION |
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Address: (Main Office) | 4161 Highway K O FALLON, MO 63368-8294 |
Phone: | (636) 720-2400 |
Fax: | (636) 720-2490 |
Website: | https://www.westcommunitycu.org |
Branches: | 10 branch locations |
Members: | 32,276 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62801 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $469,359,896 |
CEO/Manager: | Jason A Peach |
Chairperson: | Michael Murphy |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,895,213 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 272,500 |
Real Estate Loans | 245,734,367 |
Unsecured Loans | 24,384,900 |
Other Loans | 133,291,608 |
TOTAL LOANS | 403,410,873 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,158,956 |
Land And Building | 18,054,988 |
Other Fixed Assets | 2,469,072 |
NCUSIF Deposit | 3,682,614 |
All Other Assets | 0 |
TOTAL ASSETS | 469,359,896 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 588,794 |
Notes & Interest Payable | 42,500,000 |
Accounts Payable & Other Liabilities | 8,349,298 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 92,024,314 |
Regular shares | 115,462,149 |
All Other Shares & Deposits | 174,719,105 |
TOTAL SHARES & DEPOSITS | 382,205,568 |
TOTAL LIABILITIES | 433,643,660 |
Regular Reserve | 0 |
Other Reserves | 713,541 |
Undivided Earnings | 35,002,695 |
TOTAL EQUITY | 35,716,236 |
TOTAL LIABILITIES, SHARES, & EQUITY | 469,359,896 |
INCOME & EXPENSE | |
Loan Income | 21,994,755 |
Investment Income | 1,225,623 |
Other Income | 3,757,081 |
Total Employee Compensation & Benefits | 10,558,408 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,341,408 |
Non-operating Income & (Expense) | -9,735 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,371,150 |
Cost of Funds | 6,441,471 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,145,259 |
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