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WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2020 — WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Washington, PA with 1 branch location and about $68.67 million in total assets. Opened 62 years ago in 1959, WASHINGTON AREA TEACHERS FEDERAL CREDIT UNION has about 3,874 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:3,874
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:$68,674,482
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 19,469,666
TOTAL INVESTMENTS 19,359,033
Loans Held for Sale 0
 
 Real Estate Loans 13,341,455
 Unsecured Loans 2,228,175
 Other Loans 8,462,747
 TOTAL LOANS 24,032,377
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -65,376
 Land And Building 3,207,788
 Other Fixed Assets 38,625
 NCUSIF Deposit 618,022
 All Other Assets 2,014,347
  TOTAL ASSETS 68,674,482
LIABILITIES & CAPITAL:  
 Dividends Payable 9,378
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 61,358
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,446,649
 Regular shares 45,834,683
 All Other Shares & Deposits 8,200,505
  TOTAL SHARES & DEPOSITS 63,481,837
  TOTAL LIABILITIES 63,552,573
 Regular Reserve 835,307
 Other Reserves -311,984
 Undivided Earnings 4,598,586
  TOTAL EQUITY 5,121,909
  TOTAL LIABILITIES, SHARES, & EQUITY 68,674,482
INCOME & EXPENSE  
 Loan Income 1,148,094
 Investment Income 699,335
 Other Income 274,918
 Total Employee Compensation & Benefits 855,671
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,258,517
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -64,065
 Cost of Funds 159,627
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -87,403
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