Sep, 30, 2025 — WEST METRO SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in HOPKINS, MN with 3 branch locations and about $40.74 million in total assets. Opened 72 years ago in 1954, WEST METRO SCHOOLS CREDIT UNION has about 2,615 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEST METRO SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 Highway 7 HOPKINS, MN 55305 |
| Phone: | (612) 315-4266 |
| Fax: | (952) 848-4283 |
| Website: | https://www.wmscu.org |
| Branches: | 3 branch locations |
| Members: | 2,615 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62726 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,737,716 |
| CEO/Manager: | Crystal A Schuman |
| Chairperson: | Mary Kay Myrmel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 675,675 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,508,832 |
| Unsecured Loans | 3,174,467 |
| Other Loans | 9,166,598 |
| TOTAL LOANS | 20,849,897 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -167,744 |
| Land And Building | 0 |
| Other Fixed Assets | 25,737 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 327,060 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,737,716 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 182,270 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,493,436 |
| Regular shares | 13,984,533 |
| All Other Shares & Deposits | 15,525,697 |
| TOTAL SHARES & DEPOSITS | 33,003,666 |
| TOTAL LIABILITIES | 33,186,320 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,551,396 |
| TOTAL EQUITY | 7,551,396 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,737,716 |
| INCOME & EXPENSE | |
| Loan Income | 1,205,995 |
| Investment Income | 483,095 |
| Other Income | 21,679 |
| Total Employee Compensation & Benefits | 435,110 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 505,294 |
| Non-operating Income & (Expense) | -2,892 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,833 |
| Cost of Funds | 492,128 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 277,081 |
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