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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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