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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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