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 |
| 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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