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W S S C FEDERAL CREDIT UNION

Mar, 31, 2021 — W S S C FEDERAL CREDIT UNION is a federal credit union headquartered in LAUREL, MD with 2 branch locations and about $35.04 million in total assets. Opened 57 years ago in 1964, W S S C FEDERAL CREDIT UNION has about 3,993 members and employs 8 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)
P.O. BOX 1187
LAUREL, MD 20707
Phone:(240) 459-8005
Fax:(301) 206-8481
Website:http://www.wsscfcu.org
Branches:2 branch locations
Members:3,993
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:$35,042,824
CEO/Manager:Jeffrey S Goff
Chairperson:Mark Brackett

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,844,282
TOTAL INVESTMENTS 11,593,672
Loans Held for Sale 0
 
 Real Estate Loans 3,622,834
 Unsecured Loans 4,787,791
 Other Loans 10,944,941
 TOTAL LOANS 19,355,566
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -307,335
 Land And Building 0
 Other Fixed Assets 45,314
 NCUSIF Deposit 248,886
 All Other Assets 262,439
  TOTAL ASSETS 35,042,824
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 89,427
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,900,921
 Regular shares 22,080,799
 All Other Shares & Deposits 5,759,933
  TOTAL SHARES & DEPOSITS 31,741,653
  TOTAL LIABILITIES 31,831,080
 Regular Reserve 228,678
 Other Reserves 83,015
 Undivided Earnings 2,900,051
  TOTAL EQUITY 3,211,744
  TOTAL LIABILITIES, SHARES, & EQUITY 35,042,824
INCOME & EXPENSE  
 Loan Income 348,532
 Investment Income 28,279
 Other Income 56,036
 Total Employee Compensation & Benefits 155,217
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 192,150
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 21,171
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 91,687
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