Sep, 30, 2025 — WEDEVELOPMENT FEDERAL CREDIT UNION is a federal credit union headquartered in KANSAS CITY, MO with 1 branch location and about $2.81 million in total assets. Opened 4 years ago in 2022, WEDEVELOPMENT FEDERAL CREDIT UNION has about 698 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEDEVELOPMENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3123 Prospect Ave KANSAS CITY, MO 64128 |
| Phone: | (816) 401-4979 |
| Fax: | |
| Website: | https://www.wedevelopmentfcu.com/ |
| Branches: | 1 branch locations |
| Members: | 698 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24937 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 2022 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,809,135 |
| CEO/Manager: | Ajamu Webster |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 897,430 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 324,803 |
| Other Loans | 1,264,292 |
| TOTAL LOANS | 1,589,095 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,684 |
| Land And Building | 0 |
| Other Fixed Assets | 405,416 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 19,011 |
| All Other Assets | 5,500 |
| TOTAL ASSETS | 2,809,135 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,587 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 210,993 |
| Regular shares | 225,085 |
| All Other Shares & Deposits | 2,269,018 |
| TOTAL SHARES & DEPOSITS | 2,705,096 |
| TOTAL LIABILITIES | 2,710,683 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 98,452 |
| TOTAL EQUITY | 98,452 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,809,135 |
| INCOME & EXPENSE | |
| Loan Income | 82,577 |
| Investment Income | 36,241 |
| Other Income | 10,873 |
| Total Employee Compensation & Benefits | 192,728 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 244,775 |
| Non-operating Income & (Expense) | 60,331 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,592 |
| Cost of Funds | 26,654 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -324,727 |
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