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WATERFRONT FEDERAL CREDIT UNION

Mar, 31, 2022 — WATERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 1 branch location and about $93.43 million in total assets. Opened 58 years ago in 1964, WATERFRONT FEDERAL CREDIT UNION has about 6,694 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)
6419 Fauntleroy Way SW
SEATTLE, WA 98136
Phone:(206) 622-8415
Fax:(206) 622-3981
Website:http://www.waterfrontfcu.org
Branches:1 branch locations
Members:6,694
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:$93,430,522
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 8,751,271
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 13,571,355
 Unsecured Loans 7,639,646
 Other Loans 27,102,619
 TOTAL LOANS 48,313,620
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -216,753
 Land And Building 5,666,603
 Other Fixed Assets 924,592
 NCUSIF Deposit 806,786
 All Other Assets 0
  TOTAL ASSETS 93,430,522
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 945,152
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 17,462,853
 Regular shares 65,924,736
 All Other Shares & Deposits 1,540,055
  TOTAL SHARES & DEPOSITS 84,927,644
  TOTAL LIABILITIES 85,872,796
 Regular Reserve 0
 Other Reserves -1,806,933
 Undivided Earnings 9,364,659
  TOTAL EQUITY 7,557,726
  TOTAL LIABILITIES, SHARES, & EQUITY 93,430,522
INCOME & EXPENSE  
 Loan Income 590,317
 Investment Income 117,255
 Other Income 85,524
 Total Employee Compensation & Benefits 417,260
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 393,210
 Non-operating Income & (Expense) 89
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 38,524
 Cost of Funds 9,178
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 282,228
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