Dec, 31, 2023 — WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, PA with 1 branch location and about $73.17 million in total assets. Opened 65 years ago in 1959, WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION has about 3,381 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 75 Landings Drive WASHINGTON, PA 15301 |
Phone: | (800) 830-3078 |
Fax: | (724) 225-4992 |
Website: | https://www.watfcu.org |
Branches: | 1 branch locations |
Members: | 3,381 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13035 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $73,174,921 |
CEO/Manager: | Rebecca Hall |
Chairperson: | Charles Meuser |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,668,589 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,815,879 |
Unsecured Loans | 2,941,078 |
Other Loans | 7,633,756 |
TOTAL LOANS | 27,390,713 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -347,074 |
Land And Building | 2,654,121 |
Other Fixed Assets | 23,200 |
NCUSIF Deposit | 660,997 |
All Other Assets | 0 |
TOTAL ASSETS | 73,174,921 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 227,307 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,978,541 |
Regular shares | 45,232,673 |
All Other Shares & Deposits | 9,875,220 |
TOTAL SHARES & DEPOSITS | 67,086,434 |
TOTAL LIABILITIES | 67,313,741 |
Regular Reserve | 0 |
Other Reserves | -429,578 |
Undivided Earnings | 6,290,758 |
TOTAL EQUITY | 5,861,180 |
TOTAL LIABILITIES, SHARES, & EQUITY | 73,174,921 |
INCOME & EXPENSE | |
Loan Income | 1,195,671 |
Investment Income | 2,325,368 |
Other Income | 117,346 |
Total Employee Compensation & Benefits | 763,917 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,877,063 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,740 |
Cost of Funds | 136,871 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,051,393 |
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