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WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION

Dec, 31, 2020 — WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLINTON, LA with 1 branch location and about $1.02 million in total assets. Opened 57 years ago in 1964, WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION has about 381 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 AVENUE
FRANKLINTON, LA 70438
Phone:(985) 795-1108
Fax:(985) 795-1110
Website:n/a
Branches:1 branch locations
Members:381
Credit Union Type:Federal Credit Union
Charter Number:16256
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1964
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$1,022,901
CEO/Manager:CYNTHIA A AUGUST
Chairperson:EMMA L ROSS

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 64,345
TOTAL INVESTMENTS 414,763
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 261,509
 Other Loans 206,589
 TOTAL LOANS 468,098
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,390
 Land And Building 59,239
 Other Fixed Assets 13,556
 NCUSIF Deposit 8,215
 All Other Assets 75
  TOTAL ASSETS 1,022,901
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,216
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 897,495
 All Other Shares & Deposits 8,585
  TOTAL SHARES & DEPOSITS 906,080
  TOTAL LIABILITIES 907,296
 Regular Reserve 58,192
 Other Reserves 0
 Undivided Earnings 57,413
  TOTAL EQUITY 115,605
  TOTAL LIABILITIES, SHARES, & EQUITY 1,022,901
INCOME & EXPENSE  
 Loan Income 45,250
 Investment Income 3,696
 Other Income 10,397
 Total Employee Compensation & Benefits 31,429
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 36,145
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,011
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,242
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