Dec, 31, 2021 — WEE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 1 branch location and about $22.51 million in total assets. Opened 61 years ago in 1961, WEE FEDERAL CREDIT UNION has about 1,872 members and employs 6 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: | http://www.weefederal.org |
Branches: | 1 branch locations |
Members: | 1,872 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,507,751 |
CEO/Manager: | Todd M McGinnis |
Chairperson: | Roy Radabaugh |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,156,425 |
TOTAL INVESTMENTS | 7,018,161 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,919,305 |
Unsecured Loans | 1,306,148 |
Other Loans | 3,407,829 |
TOTAL LOANS | 7,633,282 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,965 |
Land And Building | 514,396 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 186,555 |
All Other Assets | 43,897 |
TOTAL ASSETS | 22,507,751 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 93,719 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 39,209 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,464,963 |
Regular shares | 12,515,297 |
All Other Shares & Deposits | 4,644,001 |
TOTAL SHARES & DEPOSITS | 19,624,261 |
TOTAL LIABILITIES | 19,757,189 |
Regular Reserve | 220,120 |
Other Reserves | 0 |
Undivided Earnings | 2,530,442 |
TOTAL EQUITY | 2,750,562 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,507,751 |
INCOME & EXPENSE | |
Loan Income | 513,103 |
Investment Income | 36,380 |
Other Income | 92,301 |
Total Employee Compensation & Benefits | 320,305 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 223,252 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,489 |
Cost of Funds | 85,349 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 41,851 |
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