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W S S C FEDERAL CREDIT UNION

Jun, 30, 2021 — W S S C FEDERAL CREDIT UNION is a federal credit union headquartered in Laurel, MD with 2 branch locations and about $35.11 million in total assets. Opened 57 years ago in 1964, W S S C FEDERAL CREDIT UNION has about 3,960 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)
PO Box 1187
Laurel, MD 20707
Phone:(240) 459-8005
Fax:(301) 206-8481
Website:www.wsscfcu.org
Branches:2 branch locations
Members:3,960
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:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$35,105,449
CEO/Manager:Jeffrey S Goff
Chairperson:Mark Brackett

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,905,290
TOTAL INVESTMENTS 11,051,530
Loans Held for Sale 0
 
 Real Estate Loans 4,152,445
 Unsecured Loans 4,776,525
 Other Loans 10,805,879
 TOTAL LOANS 19,734,849
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -304,251
 Land And Building 0
 Other Fixed Assets 148,534
 NCUSIF Deposit 292,633
 All Other Assets 276,864
  TOTAL ASSETS 35,105,449
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 73,208
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,742,767
 Regular shares 22,486,192
 All Other Shares & Deposits 5,549,607
  TOTAL SHARES & DEPOSITS 31,778,566
  TOTAL LIABILITIES 31,851,774
 Regular Reserve 228,678
 Other Reserves 102,116
 Undivided Earnings 2,922,881
  TOTAL EQUITY 3,253,675
  TOTAL LIABILITIES, SHARES, & EQUITY 35,105,449
INCOME & EXPENSE  
 Loan Income 678,881
 Investment Income 54,588
 Other Income 114,400
 Total Employee Compensation & Benefits 308,364
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 397,281
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,485
 Cost of Funds 39,210
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 118,020
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