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WEE FEDERAL CREDIT UNION

Dec, 31, 2023 — WEE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 1 branch location and about $23.71 million in total assets. Opened 63 years ago in 1961, WEE FEDERAL CREDIT UNION has about 1,841 members and employs 5 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:https://www.weefederal.org
Branches:1 branch locations
Members:1,841
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$23,706,056
CEO/Manager:Todd M McGinnis
Chairperson:Alan Boyd

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,643,708
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,255,252
 Unsecured Loans 1,388,998
 Other Loans 4,150,345
 TOTAL LOANS 9,794,595
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -38,542
 Land And Building 489,187
 Other Fixed Assets 0
 NCUSIF Deposit 195,691
 All Other Assets 0
  TOTAL ASSETS 23,706,056
LIABILITIES & CAPITAL:  
 Dividends Payable 186,754
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 135,478
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,762,176
 Regular shares 10,836,746
 All Other Shares & Deposits 6,565,074
  TOTAL SHARES & DEPOSITS 20,163,996
  TOTAL LIABILITIES 20,486,228
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,219,828
  TOTAL EQUITY 3,219,828
  TOTAL LIABILITIES, SHARES, & EQUITY 23,706,056
INCOME & EXPENSE  
 Loan Income 595,660
 Investment Income 548,278
 Other Income 151,381
 Total Employee Compensation & Benefits 371,563
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 274,455
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,720
 Cost of Funds 325,262
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 322,319
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