Dec, 31, 2023 — WABELLCO FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, PA with 1 branch location and about $13.44 million in total assets. Opened 69 years ago in 1955, WABELLCO FEDERAL CREDIT UNION has about 1,276 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WABELLCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1277 Park Ave WASHINGTON, PA 15301 |
| Phone: | (724) 225-7522 |
| Fax: | (724) 225-8740 |
| Website: | https://www.wabfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,276 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10047 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $13,442,759 |
| CEO/Manager: | Jenny M Dunmore |
| Chairperson: | Don Land |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 540,890 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,641,572 |
| Unsecured Loans | 85,316 |
| Other Loans | 2,496,321 |
| TOTAL LOANS | 4,223,211 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,462 |
| Land And Building | 306,404 |
| Other Fixed Assets | 9,822 |
| NCUSIF Deposit | 148,406 |
| All Other Assets | 0 |
| TOTAL ASSETS | 13,442,759 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,829 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,963,568 |
| Regular shares | 9,439,788 |
| All Other Shares & Deposits | 881,281 |
| TOTAL SHARES & DEPOSITS | 12,284,640 |
| TOTAL LIABILITIES | 12,287,470 |
| Regular Reserve | 0 |
| Other Reserves | 227,984 |
| Undivided Earnings | 927,305 |
| TOTAL EQUITY | 1,155,289 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 13,442,759 |
| INCOME & EXPENSE | |
| Loan Income | 168,290 |
| Investment Income | 161,424 |
| Other Income | 135,019 |
| Total Employee Compensation & Benefits | 237,833 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 254,907 |
| Non-operating Income & (Expense) | -3,285 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,686 |
| Cost of Funds | 9,837 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -62,047 |
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