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WASHINGTON STATE EMPLOYEES CREDIT UNION (WSECU)

Mar, 31, 2022 — WASHINGTON STATE EMPLOYEES CREDIT UNION (WSECU) is a federally insured state chartered credit union headquartered in OLYMPIA, WA with 22 branch locations and about $4.71 billion in total assets. Opened 65 years ago in 1957, WASHINGTON STATE EMPLOYEES CREDIT UNION (WSECU) has about 283,187 members and employs 745 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: 325181028
Name:WASHINGTON STATE EMPLOYEES CREDIT UNION
Address:
(Main Office)
330 UNION AVE SE
OLYMPIA, WA 98501
Phone:(800) 562-0999
Fax:
Website:wsecu.org
Branches:22 branch locations
Members:283,187
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60042
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$4,705,925,522
CEO/Manager:Gary Swindler
Chairperson:Carole J Washburn

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 433,496,798
TOTAL INVESTMENTS 0
Loans Held for Sale 1,487,550
 
 Real Estate Loans 1,726,907,260
 Unsecured Loans 327,555,488
 Other Loans 1,112,917,815
 TOTAL LOANS 3,167,410,711
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,876,504
 Land And Building 87,995,882
 Other Fixed Assets 13,544,012
 NCUSIF Deposit 36,157,705
 All Other Assets 775,199
  TOTAL ASSETS 4,705,925,522
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 78,817,340
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 930,024,906
 Regular shares 1,813,423,087
 All Other Shares & Deposits 1,500,101,802
  TOTAL SHARES & DEPOSITS 4,243,549,795
  TOTAL LIABILITIES 4,322,367,135
 Regular Reserve 0
 Other Reserves -46,761,799
 Undivided Earnings 430,320,186
  TOTAL EQUITY 383,558,387
  TOTAL LIABILITIES, SHARES, & EQUITY 4,705,925,522
INCOME & EXPENSE  
 Loan Income 31,549,881
 Investment Income 3,389,677
 Other Income 6,169,465
 Total Employee Compensation & Benefits 22,313,832
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,573,063
 Non-operating Income & (Expense) 242,160
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,525,637
 Cost of Funds 2,034,083
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,676,788
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