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WEE FEDERAL CREDIT UNION

Dec, 31, 2020 — WEE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 1 branch location and about $21.51 million in total assets. Opened 60 years ago in 1961, WEE FEDERAL CREDIT UNION has about 1,869 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:1,869
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$21,505,397
CEO/Manager:Todd M McGinnis
Chairperson:Roy Radabaugh

Call Report

  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,446,129
TOTAL INVESTMENTS 6,026,161
Loans Held for Sale 0
 
 Real Estate Loans 2,585,300
 Unsecured Loans 1,400,161
 Other Loans 3,346,672
 TOTAL LOANS 7,332,133
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,056
 Land And Building 527,001
 Other Fixed Assets 0
 NCUSIF Deposit 164,417
 All Other Assets 49,612
  TOTAL ASSETS 21,505,397
LIABILITIES & CAPITAL:  
 Dividends Payable 111,640
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 29,496
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,187,911
 Regular shares 11,511,930
 All Other Shares & Deposits 4,955,708
  TOTAL SHARES & DEPOSITS 18,655,549
  TOTAL LIABILITIES 18,796,685
 Regular Reserve 220,120
 Other Reserves 0
 Undivided Earnings 2,488,592
  TOTAL EQUITY 2,708,712
  TOTAL LIABILITIES, SHARES, & EQUITY 21,505,397
INCOME & EXPENSE  
 Loan Income 531,106
 Investment Income 98,052
 Other Income 117,775
 Total Employee Compensation & Benefits 321,163
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 215,860
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,225
 Cost of Funds 120,516
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,169
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