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WEDEVELOPMENT FEDERAL CREDIT UNION

Jun, 30, 2024 — WEDEVELOPMENT FEDERAL CREDIT UNION is a federal credit union headquartered in KANSAS CITY, MO with 1 branch location and about $446,107 in total assets. Opened 3 years ago in 2022, WEDEVELOPMENT FEDERAL CREDIT UNION has about 1 members and employs 3 full and part-time employees 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:n/a
Branches:1 branch locations
Members:1
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:Jan 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$446,107
CEO/Manager:Gwendolyn Washington
Chairperson:Ajamu Webster

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 278,306
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 0
 TOTAL LOANS 0
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 0
 Other Fixed Assets 142,796
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 446,107
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 0
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 0
  TOTAL LIABILITIES 0
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 446,107
  TOTAL EQUITY 446,107
  TOTAL LIABILITIES, SHARES, & EQUITY 446,107
INCOME & EXPENSE  
 Loan Income 0
 Investment Income 0
 Other Income 0
 Total Employee Compensation & Benefits 10,800
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 41,239
 Non-operating Income & (Expense) 525,807
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 473,773
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