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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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