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WATERFRONT FEDERAL CREDIT UNION

Dec, 31, 2021 — WATERFRONT FEDERAL CREDIT UNION is a federal credit union headquartered in SEATTLE, WA with 1 branch location and about $93.79 million in total assets. Opened 58 years ago in 1964, WATERFRONT FEDERAL CREDIT UNION has about 6,706 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:6,706
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:$93,794,568
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 7,825,135
TOTAL INVESTMENTS 31,123,103
Loans Held for Sale 0
 
 Real Estate Loans 13,038,736
 Unsecured Loans 7,570,761
 Other Loans 26,543,214
 TOTAL LOANS 47,152,711
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -211,519
 Land And Building 5,671,299
 Other Fixed Assets 952,614
 NCUSIF Deposit 779,862
 All Other Assets 501,363
  TOTAL ASSETS 93,794,568
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 929,983
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,456,139
 Regular shares 63,946,638
 All Other Shares & Deposits 1,594,867
  TOTAL SHARES & DEPOSITS 83,997,644
  TOTAL LIABILITIES 84,927,627
 Regular Reserve 1,346,261
 Other Reserves -215,490
 Undivided Earnings 7,736,170
  TOTAL EQUITY 8,866,941
  TOTAL LIABILITIES, SHARES, & EQUITY 93,794,568
INCOME & EXPENSE  
 Loan Income 2,282,355
 Investment Income 544,219
 Other Income 354,787
 Total Employee Compensation & Benefits 1,513,536
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,497,953
 Non-operating Income & (Expense) -1,871
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,225
 Cost of Funds 36,112
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 993,031
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