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WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION

Dec, 31, 2021 — WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLINTON, LA with 1 branch location and about $1.11 million in total assets. Opened 58 years ago in 1964, WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION has about 394 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION
Address:
(Main Office)
308 11TH AVE
FRANKLINTON, LA 70438-1147
Phone:(985) 795-1108
Fax:(985) 795-1110
Website:n/a
Branches:1 branch locations
Members:394
Credit Union Type:Federal Credit Union
Charter Number:16256
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1964
Last Audited:Apr 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,108,022
CEO/Manager:CYNTHIA A AUGUST
Chairperson:EMMA L ROSS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 69,925
TOTAL INVESTMENTS 363,218
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 401,785
 Other Loans 195,334
 TOTAL LOANS 597,119
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,517
 Land And Building 57,393
 Other Fixed Assets 11,634
 NCUSIF Deposit 9,060
 All Other Assets 6,190
  TOTAL ASSETS 1,108,022
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,924
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 964,415
 All Other Shares & Deposits 7,357
  TOTAL SHARES & DEPOSITS 971,772
  TOTAL LIABILITIES 985,696
 Regular Reserve 58,192
 Other Reserves 0
 Undivided Earnings 64,134
  TOTAL EQUITY 122,326
  TOTAL LIABILITIES, SHARES, & EQUITY 1,108,022
INCOME & EXPENSE  
 Loan Income 52,102
 Investment Income 2,574
 Other Income 13,250
 Total Employee Compensation & Benefits 33,182
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,193
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,830
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,721
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