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WEE FEDERAL CREDIT UNION

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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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