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WATERFRONT FEDERAL CREDIT UNION

Mar, 31, 2021 — WATERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 1 branch location and about $90.97 million in total assets. Opened 57 years ago in 1964, WATERFRONT FEDERAL CREDIT UNION has about 6,565 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325082062
Name:WATERFRONT FEDERAL CREDIT UNION
Address:
(Main Office)
2414 SW ANDOVER ST STE E100
SEATTLE, WA 98106-1156
Phone:(206) 622-8415
Fax:(206) 622-3981
Website:http://www.waterfrontfcu.org
Branches:1 branch locations
Members:6,565
Credit Union Type:Federal Credit Union
Charter Number:16178
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$90,972,121
CEO/Manager:Michelle Cropley
Chairperson:Justin Hirsch

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,562,929
TOTAL INVESTMENTS 26,884,512
Loans Held for Sale 0
 
 Real Estate Loans 9,644,241
 Unsecured Loans 6,901,991
 Other Loans 25,254,822
 TOTAL LOANS 41,801,054
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -187,597
 Land And Building 2,943,941
 Other Fixed Assets 1,633,928
 NCUSIF Deposit 750,704
 All Other Assets 582,650
  TOTAL ASSETS 90,972,121
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 672,877
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,666,098
 Regular shares 62,082,654
 All Other Shares & Deposits 2,051,118
  TOTAL SHARES & DEPOSITS 81,799,870
  TOTAL LIABILITIES 82,472,747
 Regular Reserve 1,346,261
 Other Reserves 108,729
 Undivided Earnings 7,044,384
  TOTAL EQUITY 8,499,374
  TOTAL LIABILITIES, SHARES, & EQUITY 90,972,121
INCOME & EXPENSE  
 Loan Income 568,440
 Investment Income 123,858
 Other Income 78,194
 Total Employee Compensation & Benefits 382,862
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 334,897
 Non-operating Income & (Expense) 4,474
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,701
 Cost of Funds 8,721
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 301,245
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