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WATERFRONT FEDERAL CREDIT UNION

Sep, 30, 2022 — WATERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 1 branch location and about $92.80 million in total assets. Opened 59 years ago in 1964, WATERFRONT FEDERAL CREDIT UNION has about 6,801 members and employs 14 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)
6419 Fauntleroy Way SW
SEATTLE, WA 98136
Phone:(206) 622-8415
Fax:(206) 622-3981
Website:https://www.waterfrontfcu.org
Branches:1 branch locations
Members:6,801
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$92,798,965
CEO/Manager:Michelle Cropley
Chairperson:Justin Hirsch

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,583,849
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 13,849,979
 Unsecured Loans 8,406,824
 Other Loans 28,656,026
 TOTAL LOANS 50,912,829
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -228,435
 Land And Building 5,618,287
 Other Fixed Assets 884,964
 NCUSIF Deposit 813,421
 All Other Assets 0
  TOTAL ASSETS 92,798,965
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,079,119
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,657,799
 Regular shares 66,633,237
 All Other Shares & Deposits 1,565,427
  TOTAL SHARES & DEPOSITS 85,856,463
  TOTAL LIABILITIES 86,935,582
 Regular Reserve 0
 Other Reserves -3,853,593
 Undivided Earnings 9,716,976
  TOTAL EQUITY 5,863,383
  TOTAL LIABILITIES, SHARES, & EQUITY 92,798,965
INCOME & EXPENSE  
 Loan Income 1,853,152
 Investment Income 414,492
 Other Income 271,316
 Total Employee Compensation & Benefits 1,223,151
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,300,454
 Non-operating Income & (Expense) 89
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 96,936
 Cost of Funds 27,841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 634,546
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