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WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION

Mar, 31, 2021 — WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Washington, PA with 1 branch location and about $72.81 million in total assets. Opened 62 years ago in 1959, WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION has about 3,852 members and employs 15 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
Address:
(Main Office)
75 Landings Drive
Washington, PA 15301
Phone:(800) 830-3078
Fax:(724) 225-4992
Website:http://www.watfcu.org
Branches:1 branch locations
Members:3,852
Credit Union Type:Federal Credit Union
Charter Number:13035
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$72,813,745
CEO/Manager:Denise Hawk
Chairperson:Charles M Bowers

Call Report

  • Commercial Loans
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • In-School Branches
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,964,586
TOTAL INVESTMENTS 20,636,765
Loans Held for Sale 0
 
 Real Estate Loans 13,278,914
 Unsecured Loans 2,070,403
 Other Loans 8,222,219
 TOTAL LOANS 23,571,536
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -60,604
 Land And Building 2,949,877
 Other Fixed Assets 18,706
 NCUSIF Deposit 618,022
 All Other Assets 2,114,857
  TOTAL ASSETS 72,813,745
LIABILITIES & CAPITAL:  
 Dividends Payable 8,568
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 74,351
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,200,711
 Regular shares 49,448,677
 All Other Shares & Deposits 8,035,150
  TOTAL SHARES & DEPOSITS 67,684,538
  TOTAL LIABILITIES 67,767,457
 Regular Reserve 835,307
 Other Reserves -461,345
 Undivided Earnings 4,672,326
  TOTAL EQUITY 5,046,288
  TOTAL LIABILITIES, SHARES, & EQUITY 72,813,745
INCOME & EXPENSE  
 Loan Income 263,074
 Investment Income 171,327
 Other Income 14,906
 Total Employee Compensation & Benefits 217,987
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 296,481
 Non-operating Income & (Expense) 105,243
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,708
 Cost of Funds 27,049
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 73,740
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