Credit Unions Near Me
National Credit Union Service Organization

WELCOME FEDERAL CREDIT UNION

Dec, 31, 2021 — WELCOME FEDERAL CREDIT UNION is a federal credit union headquartered in MORRISVILLE, NC with 6 branch locations and about $97.07 million in total assets. Opened 48 years ago in 1974, WELCOME FEDERAL CREDIT UNION has about 7,044 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253177120
Name:WELCOME FEDERAL CREDIT UNION
Address:
(Main Office)
10810 Chapel Hill Rd
MORRISVILLE, NC 27560
Phone:(919) 474-3240
Fax:(919) 474-0562
Website:http://www.welcomecu.org
Branches:6 branch locations
Members:7,044
Credit Union Type:Federal Credit Union
Charter Number:24807
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1974
Last Audited:Sep 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$97,068,348
CEO/Manager:Stacey W Mills
Chairperson:Gordon Bailey

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,257,149
TOTAL INVESTMENTS 16,801,449
Loans Held for Sale 0
 
 Real Estate Loans 18,515,336
 Unsecured Loans 2,664,316
 Other Loans 27,937,631
 TOTAL LOANS 53,218,235
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -110,555
 Land And Building 4,188,064
 Other Fixed Assets 80,930
 NCUSIF Deposit 769,654
 All Other Assets 863,422
  TOTAL ASSETS 97,068,348
LIABILITIES & CAPITAL:  
 Dividends Payable 257
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 892,240
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 15,487,658
 Regular shares 49,485,489
 All Other Shares & Deposits 19,496,426
  TOTAL SHARES & DEPOSITS 84,469,573
  TOTAL LIABILITIES 85,362,070
 Regular Reserve 4,244,994
 Other Reserves 0
 Undivided Earnings 7,461,284
  TOTAL EQUITY 11,706,278
  TOTAL LIABILITIES, SHARES, & EQUITY 97,068,348
INCOME & EXPENSE  
 Loan Income 2,547,291
 Investment Income 231,008
 Other Income 305,618
 Total Employee Compensation & Benefits 1,785,241
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,676,391
 Non-operating Income & (Expense) 3,656
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -38,656
 Cost of Funds 149,169
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 212,036
↑ Back to Top

Other Credit Unions

MOUNT VERNON BAPTIST CHURCH CREDIT UNION
1007 S Roxboro St
DURHAM, NC 27707
SHAW UNIVERSITY FEDERAL CREDIT UNION
118 E South St
RALEIGH, NC 27601
NORTH CAROLINA PRESS ASSOCIATION FEDERAL CREDIT UNION
119 N Salisbury St
RALEIGH, NC 27603-1739
CIVIC FEDERAL CREDIT UNION
3600 Wake Forest Rd
RALEIGH, NC 27609
VISION FINANCIAL FEDERAL CREDIT UNION
214 Pacific Ave
DURHAM, NC 27704
ELECTEL COOPERATIVE FEDERAL CREDIT UNION
3400 Sumner Blvd
RALEIGH, NC 27616
R T P FEDERAL CREDIT UNION
384 Davis Dr
MORRISVILLE, NC 27560-6336
FIRST FLIGHT FEDERAL CREDIT UNION
1815 Kildaire Farm Rd
CARY, NC 27518
LOCAL GOVERNMENT FEDERAL CREDIT UNION
3600 Wake Forest Rd
RALEIGH, NC 27609-7309
SELF-HELP FEDERAL CREDIT UNION
301 W Main St
DURHAM, NC 27701-3215