Dec, 31, 2023 — WASHINGTON COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAGERSTOWN, MD with 3 branch locations and about $85.49 million in total assets. Opened 75 years ago in 1949, WASHINGTON COUNTY TEACHERS FEDERAL CREDIT UNION has about 4,362 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WASHINGTON COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 19638 Leitersburg Pike HAGERSTOWN, MD 21742 |
| Phone: | (301) 790-3131 |
| Fax: | (301) 733-2467 |
| Website: | https://www.wctfcu.net |
| Branches: | 3 branch locations |
| Members: | 4,362 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6353 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $85,492,029 |
| CEO/Manager: | Steve Ebersole |
| Chairperson: | Robert Alton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,552,090 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,950,280 |
| Unsecured Loans | 1,126,544 |
| Other Loans | 16,080,195 |
| TOTAL LOANS | 30,157,019 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,728 |
| Land And Building | 1,110,338 |
| Other Fixed Assets | 90,073 |
| NCUSIF Deposit | 712,696 |
| All Other Assets | 0 |
| TOTAL ASSETS | 85,492,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 118,761 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,627,329 |
| Regular shares | 46,268,736 |
| All Other Shares & Deposits | 17,313,811 |
| TOTAL SHARES & DEPOSITS | 73,209,876 |
| TOTAL LIABILITIES | 73,328,637 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,163,392 |
| TOTAL EQUITY | 12,163,392 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,492,029 |
| INCOME & EXPENSE | |
| Loan Income | 1,151,796 |
| Investment Income | 2,207,387 |
| Other Income | 189,296 |
| Total Employee Compensation & Benefits | 582,020 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 667,765 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,000 |
| Cost of Funds | 1,064,549 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,226,015 |
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