WESTERN REGION FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.westernregionfcu.com for more information.
Dec, 31, 2023 — WESTERN REGION FEDERAL CREDIT UNION is a federal credit union headquartered in CLEVELAND, OH with 2 branch locations and about $15.59 million in total assets. Opened 64 years ago in 1960, WESTERN REGION FEDERAL CREDIT UNION has about 1,916 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERN REGION FEDERAL CREDIT UNION |
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Address: (Main Office) | 18101 LORAIN AVE CLEVELAND, OH 44111 |
Phone: | (216) 476-7072 |
Fax: | (216) 476-2954 |
Website: | https://www.westernregionfcu.com |
Branches: | 2 branch locations |
Members: | 1,916 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13615 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,587,008 |
CEO/Manager: | John Shirilla |
Chairperson: | Nancy Paxton |
ASSETS: | $ Amount |
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Cash & Equivalents | 598,023 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,263,812 |
Other Loans | 2,330,536 |
TOTAL LOANS | 3,594,348 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,517 |
Land And Building | 0 |
Other Fixed Assets | 139,558 |
NCUSIF Deposit | 141,419 |
All Other Assets | 0 |
TOTAL ASSETS | 15,587,008 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 750,000 |
Accounts Payable & Other Liabilities | 103,858 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,116,898 |
Regular shares | 9,170,175 |
All Other Shares & Deposits | 1,598,960 |
TOTAL SHARES & DEPOSITS | 12,886,033 |
TOTAL LIABILITIES | 13,739,891 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,847,117 |
TOTAL EQUITY | 1,847,117 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,587,008 |
INCOME & EXPENSE | |
Loan Income | 203,045 |
Investment Income | 76,445 |
Other Income | 59,312 |
Total Employee Compensation & Benefits | 170,073 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 330,641 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,737 |
Cost of Funds | 18,399 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -135,875 |
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