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WEE FEDERAL CREDIT UNION

Dec, 31, 2022 — WEE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 1 branch location and about $22.59 million in total assets. Opened 62 years ago in 1961, WEE FEDERAL CREDIT UNION has about 1,870 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
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:1,870
Credit Union Type:Federal Credit Union
Charter Number:14257
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:$22,586,040
CEO/Manager:Todd M McGinnis
Chairperson:Roy Radabaugh

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,721,103
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,670,787
 Unsecured Loans 1,307,234
 Other Loans 3,646,881
 TOTAL LOANS 8,624,902
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,766
 Land And Building 504,943
 Other Fixed Assets 0
 NCUSIF Deposit 196,243
 All Other Assets 0
  TOTAL ASSETS 22,586,040
LIABILITIES & CAPITAL:  
 Dividends Payable 94,173
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 20,535
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,337,971
 Regular shares 12,316,972
 All Other Shares & Deposits 4,987,157
  TOTAL SHARES & DEPOSITS 19,642,100
  TOTAL LIABILITIES 19,756,808
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,829,232
  TOTAL EQUITY 2,829,232
  TOTAL LIABILITIES, SHARES, & EQUITY 22,586,040
INCOME & EXPENSE  
 Loan Income 387,151
 Investment Income 67,613
 Other Income 107,925
 Total Employee Compensation & Benefits 243,445
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 183,523
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,351
 Cost of Funds 53,700
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 78,670
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