Sep, 30, 2025 — WATERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 1 branch location and about $91.72 million in total assets. Opened 62 years ago in 1964, WATERFRONT FEDERAL CREDIT UNION has about 6,654 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.
| 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: | 6,654 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $91,718,775 |
| CEO/Manager: | Michelle Cropley |
| Chairperson: | Tyler Linsten |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,499,001 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,146,593 |
| Unsecured Loans | 9,305,074 |
| Other Loans | 26,065,341 |
| TOTAL LOANS | 51,517,008 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -404,698 |
| Land And Building | 5,373,594 |
| Other Fixed Assets | 555,569 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 762,108 |
| All Other Assets | 24,000 |
| TOTAL ASSETS | 91,718,775 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 999,855 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,974,807 |
| Regular shares | 57,884,508 |
| All Other Shares & Deposits | 7,575,625 |
| TOTAL SHARES & DEPOSITS | 80,434,940 |
| TOTAL LIABILITIES | 81,434,795 |
| Regular Reserve | 0 |
| Other Reserves | -1,946,606 |
| Undivided Earnings | 12,230,586 |
| TOTAL EQUITY | 10,283,980 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 91,718,775 |
| INCOME & EXPENSE | |
| Loan Income | 2,591,637 |
| Investment Income | 675,823 |
| Other Income | 282,872 |
| Total Employee Compensation & Benefits | 1,494,496 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,346,752 |
| Non-operating Income & (Expense) | -31,192 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 386,596 |
| Cost of Funds | 396,764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 346,926 |
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