Sep, 30, 2025 — W S S C FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 2 branch locations and about $34.40 million in total assets. Opened 62 years ago in 1964, W S S C FEDERAL CREDIT UNION has about 3,360 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | W S S C FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14501 Sweitzer Ln LAUREL, MD 20707 |
| Phone: | (240) 459-8005 |
| Fax: | (301) 206-8481 |
| Website: | https://www.wsscfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,360 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16268 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,396,823 |
| CEO/Manager: | Jeffrey S Goff |
| Chairperson: | Mark Brackett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,158,457 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,602,989 |
| Unsecured Loans | 4,793,846 |
| Other Loans | 8,941,429 |
| TOTAL LOANS | 18,338,264 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -323,560 |
| Land And Building | 0 |
| Other Fixed Assets | 135,946 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 297,732 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,396,823 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 75,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,292,405 |
| Regular shares | 19,509,891 |
| All Other Shares & Deposits | 7,148,515 |
| TOTAL SHARES & DEPOSITS | 30,950,811 |
| TOTAL LIABILITIES | 31,026,221 |
| Regular Reserve | 0 |
| Other Reserves | 85,281 |
| Undivided Earnings | 3,285,321 |
| TOTAL EQUITY | 3,370,602 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,396,823 |
| INCOME & EXPENSE | |
| Loan Income | 1,059,122 |
| Investment Income | 418,734 |
| Other Income | 233,699 |
| Total Employee Compensation & Benefits | 545,188 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 835,856 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,741 |
| Cost of Funds | 194,137 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 79,381 |
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