Jun, 30, 2024 — WEST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in O FALLON, MO with 8 branch locations and about $400.35 million in total assets. Opened 88 years ago in 1936, WEST COMMUNITY CREDIT UNION has about 27,810 members and employs 119 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: | 8 branch locations |
| Members: | 27,810 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $400,348,614 |
| CEO/Manager: | Jason A Peach |
| Chairperson: | Michael Murphy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,703,449 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 110,095 |
| Real Estate Loans | 211,837,475 |
| Unsecured Loans | 20,161,616 |
| Other Loans | 118,448,220 |
| TOTAL LOANS | 350,447,311 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,392,565 |
| Land And Building | 14,234,836 |
| Other Fixed Assets | 3,030,666 |
| NCUSIF Deposit | 3,062,635 |
| All Other Assets | 15,181 |
| TOTAL ASSETS | 400,348,614 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 69,642 |
| Notes & Interest Payable | 35,775,000 |
| Accounts Payable & Other Liabilities | 3,100,364 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 90,457,859 |
| Regular shares | 117,979,303 |
| All Other Shares & Deposits | 124,301,909 |
| TOTAL SHARES & DEPOSITS | 332,739,071 |
| TOTAL LIABILITIES | 371,684,077 |
| Regular Reserve | 0 |
| Other Reserves | -2,905,120 |
| Undivided Earnings | 31,569,657 |
| TOTAL EQUITY | 28,664,537 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 400,348,614 |
| INCOME & EXPENSE | |
| Loan Income | 11,560,155 |
| Investment Income | 465,109 |
| Other Income | 2,547,318 |
| Total Employee Compensation & Benefits | 7,294,995 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,094,117 |
| Non-operating Income & (Expense) | 203,319 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -448,584 |
| Cost of Funds | 1,078,785 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,450,050 |
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