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WEE FEDERAL CREDIT UNION

Mar, 31, 2021 — WEE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 1 branch location and about $22.71 million in total assets. Opened 60 years ago in 1961, WEE FEDERAL CREDIT UNION has about 1,867 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:1,867
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:$22,709,852
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 8,683,998
TOTAL INVESTMENTS 6,026,161
Loans Held for Sale 0
 
 Real Estate Loans 2,606,010
 Unsecured Loans 1,340,184
 Other Loans 3,326,510
 TOTAL LOANS 7,272,704
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,858
 Land And Building 523,850
 Other Fixed Assets 0
 NCUSIF Deposit 164,417
 All Other Assets 76,580
  TOTAL ASSETS 22,709,852
LIABILITIES & CAPITAL:  
 Dividends Payable 101,495
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 35,948
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,366,688
 Regular shares 12,606,704
 All Other Shares & Deposits 4,883,914
  TOTAL SHARES & DEPOSITS 19,857,306
  TOTAL LIABILITIES 19,994,749
 Regular Reserve 220,120
 Other Reserves 0
 Undivided Earnings 2,494,983
  TOTAL EQUITY 2,715,103
  TOTAL LIABILITIES, SHARES, & EQUITY 22,709,852
INCOME & EXPENSE  
 Loan Income 127,790
 Investment Income 6,076
 Other Income 19,831
 Total Employee Compensation & Benefits 80,499
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 52,376
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 390
 Cost of Funds 22,986
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,391
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