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WATERFRONT FEDERAL CREDIT UNION

Jun, 30, 2021 — WATERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 1 branch location and about $90.91 million in total assets. Opened 57 years ago in 1964, WATERFRONT FEDERAL CREDIT UNION has about 6,594 members and employs 16 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:6,594
Credit Union Type:Federal Credit Union
Charter Number:16178
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1964
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$90,910,487
CEO/Manager:Michelle Cropley
Chairperson:Justin Hirsch

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 15,698,412
TOTAL INVESTMENTS 25,793,240
Loans Held for Sale 0
 
 Real Estate Loans 9,688,781
 Unsecured Loans 7,315,084
 Other Loans 25,633,247
 TOTAL LOANS 42,637,112
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -191,740
 Land And Building 2,938,747
 Other Fixed Assets 2,770,038
 NCUSIF Deposit 750,704
 All Other Assets 513,974
  TOTAL ASSETS 90,910,487
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 830,885
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,431,600
 Regular shares 62,835,492
 All Other Shares & Deposits 2,059,058
  TOTAL SHARES & DEPOSITS 81,326,150
  TOTAL LIABILITIES 82,157,035
 Regular Reserve 1,346,261
 Other Reserves 155,556
 Undivided Earnings 7,251,635
  TOTAL EQUITY 8,753,452
  TOTAL LIABILITIES, SHARES, & EQUITY 90,910,487
INCOME & EXPENSE  
 Loan Income 1,132,798
 Investment Income 245,672
 Other Income 164,530
 Total Employee Compensation & Benefits 756,592
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 691,969
 Non-operating Income & (Expense) 9,919
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,516
 Cost of Funds 17,805
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 508,496
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