Sep, 30, 2025 — WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLINTON, LA with 2 branch locations and about $1.05 million in total assets. Opened 62 years ago in 1964, WASHINGTON EDUCATIONAL ASSOC FEDERAL CREDIT UNION has about 368 members 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: | 2 branch locations |
| Members: | 368 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16256 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,047,986 |
| CEO/Manager: | Charlet Lewis |
| Chairperson: | Emma L Ross |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 115,043 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 303,568 |
| Other Loans | 232,067 |
| TOTAL LOANS | 535,635 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,874 |
| Land And Building | 52,432 |
| Other Fixed Assets | 7,366 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,521 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,047,986 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,295 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 905,149 |
| All Other Shares & Deposits | 24,890 |
| TOTAL SHARES & DEPOSITS | 930,039 |
| TOTAL LIABILITIES | 931,334 |
| Regular Reserve | 0 |
| Other Reserves | 58,193 |
| Undivided Earnings | 58,459 |
| TOTAL EQUITY | 116,652 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,047,986 |
| INCOME & EXPENSE | |
| Loan Income | 32,086 |
| Investment Income | 9,250 |
| Other Income | 6,878 |
| Total Employee Compensation & Benefits | 15,985 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 22,361 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,450 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,418 |
| ↑ Back to Top | |