Dec, 31, 2023 — WEE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 1 branch location and about $23.71 million in total assets. Opened 63 years ago in 1961, WEE FEDERAL CREDIT UNION has about 1,841 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 3312 Dudley Ave PARKERSBURG, WV 26104-1812 |
Phone: | (304) 420-9517 |
Fax: | (304) 420-9530 |
Website: | https://www.weefederal.org |
Branches: | 1 branch locations |
Members: | 1,841 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14257 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,706,056 |
CEO/Manager: | Todd M McGinnis |
Chairperson: | Alan Boyd |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,643,708 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,255,252 |
Unsecured Loans | 1,388,998 |
Other Loans | 4,150,345 |
TOTAL LOANS | 9,794,595 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,542 |
Land And Building | 489,187 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 195,691 |
All Other Assets | 0 |
TOTAL ASSETS | 23,706,056 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 186,754 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 135,478 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,762,176 |
Regular shares | 10,836,746 |
All Other Shares & Deposits | 6,565,074 |
TOTAL SHARES & DEPOSITS | 20,163,996 |
TOTAL LIABILITIES | 20,486,228 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,219,828 |
TOTAL EQUITY | 3,219,828 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,706,056 |
INCOME & EXPENSE | |
Loan Income | 595,660 |
Investment Income | 548,278 |
Other Income | 151,381 |
Total Employee Compensation & Benefits | 371,563 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 274,455 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,720 |
Cost of Funds | 325,262 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 322,319 |
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» See also Statement of Financial Condition