Sep, 30, 2025 — WAYNE-WESTLAND FEDERAL CREDIT UNION is a federal credit union headquartered in WESTLAND, MI with 1 branch location and about $152.08 million in total assets. Opened 78 years ago in 1948, WAYNE-WESTLAND FEDERAL CREDIT UNION has about 10,855 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WAYNE-WESTLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 S Wayne Rd WESTLAND, MI 48186-4361 |
| Phone: | (734) 721-5700 |
| Fax: | (734) 721-5390 |
| Website: | https://www.wwfcu.org |
| Branches: | 1 branch locations |
| Members: | 10,855 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5928 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Apr 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $152,082,089 |
| CEO/Manager: | Joleen Bowman |
| Chairperson: | Diane Fritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,179,058 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 35,039,904 |
| Unsecured Loans | 7,355,445 |
| Other Loans | 34,147,492 |
| TOTAL LOANS | 76,542,840 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,039,297 |
| Land And Building | 2,553,908 |
| Other Fixed Assets | 320,966 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,307,113 |
| All Other Assets | 84,514 |
| TOTAL ASSETS | 152,082,089 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 166,978 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 150,113 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,961,936 |
| Regular shares | 65,016,567 |
| All Other Shares & Deposits | 44,652,406 |
| TOTAL SHARES & DEPOSITS | 138,630,908 |
| TOTAL LIABILITIES | 138,947,999 |
| Regular Reserve | 0 |
| Other Reserves | -3,255,636 |
| Undivided Earnings | 16,389,726 |
| TOTAL EQUITY | 13,134,090 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 152,082,089 |
| INCOME & EXPENSE | |
| Loan Income | 3,462,773 |
| Investment Income | 1,321,777 |
| Other Income | 1,338,239 |
| Total Employee Compensation & Benefits | 1,976,256 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,176,482 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 253,058 |
| Cost of Funds | 636,861 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,328,398 |
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