Dec, 31, 2023 — WEST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in O FALLON, MO with 10 branch locations and about $469.36 million in total assets. Opened 88 years ago in 1936, WEST COMMUNITY CREDIT UNION has about 32,276 members and employs 124 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 COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 4161 Highway K O FALLON, MO 63368-8294 |
| Phone: | (636) 720-2400 |
| Fax: | (636) 720-2490 |
| Website: | https://www.westcommunitycu.org |
| Branches: | 10 branch locations |
| Members: | 32,276 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62801 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $469,359,896 |
| CEO/Manager: | Jason A Peach |
| Chairperson: | Michael Murphy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,895,213 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 272,500 |
| Real Estate Loans | 245,734,367 |
| Unsecured Loans | 24,384,900 |
| Other Loans | 133,291,608 |
| TOTAL LOANS | 403,410,873 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,158,956 |
| Land And Building | 18,054,988 |
| Other Fixed Assets | 2,469,072 |
| NCUSIF Deposit | 3,682,614 |
| All Other Assets | 0 |
| TOTAL ASSETS | 469,359,896 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 588,794 |
| Notes & Interest Payable | 42,500,000 |
| Accounts Payable & Other Liabilities | 8,349,298 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 92,024,314 |
| Regular shares | 115,462,149 |
| All Other Shares & Deposits | 174,719,105 |
| TOTAL SHARES & DEPOSITS | 382,205,568 |
| TOTAL LIABILITIES | 433,643,660 |
| Regular Reserve | 0 |
| Other Reserves | 713,541 |
| Undivided Earnings | 35,002,695 |
| TOTAL EQUITY | 35,716,236 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 469,359,896 |
| INCOME & EXPENSE | |
| Loan Income | 21,994,755 |
| Investment Income | 1,225,623 |
| Other Income | 3,757,081 |
| Total Employee Compensation & Benefits | 10,558,408 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,341,408 |
| Non-operating Income & (Expense) | -9,735 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,371,150 |
| Cost of Funds | 6,441,471 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,145,259 |
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