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WESTMINSTER FEDERAL CREDIT UNION

Mar, 31, 2021 — WESTMINSTER FEDERAL CREDIT UNION is a federal credit union headquartered in Westminster, CO with 2 branch locations and about $49.37 million in total assets. Opened 61 years ago in 1960, WESTMINSTER FEDERAL CREDIT UNION has about 3,510 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WESTMINSTER FEDERAL CREDIT UNION
Address:
(Main Office)
9053 Harlan St Ste 10
Westminster, CO 80031-2908
Phone:(303) 427-6466
Fax:(303) 427-5116
Website:http://www.wfcu.com
Branches:2 branch locations
Members:3,510
Credit Union Type:Federal Credit Union
Charter Number:13842
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Aug 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$49,373,314
CEO/Manager:John C Burke
Chairperson:Harvey G Morris

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,336,855
TOTAL INVESTMENTS 7,196,143
Loans Held for Sale 0
 
 Real Estate Loans 10,519,298
 Unsecured Loans 635,324
 Other Loans 11,036,501
 TOTAL LOANS 22,191,123
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -148,128
 Land And Building 0
 Other Fixed Assets 17,330
 NCUSIF Deposit 348,525
 All Other Assets 2,431,466
  TOTAL ASSETS 49,373,314
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 110,470
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,808,311
 Regular shares 22,417,164
 All Other Shares & Deposits 15,003,155
  TOTAL SHARES & DEPOSITS 45,228,630
  TOTAL LIABILITIES 45,339,100
 Regular Reserve 633,659
 Other Reserves 0
 Undivided Earnings 3,400,555
  TOTAL EQUITY 4,034,214
  TOTAL LIABILITIES, SHARES, & EQUITY 49,373,314
INCOME & EXPENSE  
 Loan Income 305,150
 Investment Income 26,238
 Other Income 29,765
 Total Employee Compensation & Benefits 173,102
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 173,579
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -50,358
 Cost of Funds 34,033
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 55,544
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