Sep, 30, 2025 — WHATCOM EDUCATIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in BELLINGHAM, WA with 11 branch locations and about $3.14 billion in total assets. Opened 90 years ago in 1936, WHATCOM EDUCATIONAL CREDIT UNION has about 169,401 members and employs 431 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WHATCOM EDUCATIONAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 21 Bellwether Way Ste 111 BELLINGHAM, WA 98225 |
| Phone: | (800) 525-8703 |
| Fax: | (360) 756-7800 |
| Website: | https://www.wecu.com |
| Branches: | 11 branch locations |
| Members: | 169,401 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66373 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,138,826,391 |
| CEO/Manager: | Jennifer Kutcher |
| Chairperson: | Gabriel Mast |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 271,590,617 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,723,025 |
| Real Estate Loans | 1,637,195,739 |
| Unsecured Loans | 235,229,146 |
| Other Loans | 674,353,607 |
| TOTAL LOANS | 2,546,778,492 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,257,174 |
| Land And Building | 57,605,328 |
| Other Fixed Assets | 2,574,532 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 21,020,028 |
| All Other Assets | 1,536,208 |
| TOTAL ASSETS | 3,138,826,391 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 176,000,000 |
| Accounts Payable & Other Liabilities | 34,628,791 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 530,133,423 |
| Regular shares | 1,282,507,067 |
| All Other Shares & Deposits | 752,156,015 |
| TOTAL SHARES & DEPOSITS | 2,564,796,505 |
| TOTAL LIABILITIES | 2,775,425,296 |
| Regular Reserve | 0 |
| Other Reserves | -2,767,877 |
| Undivided Earnings | 366,168,972 |
| TOTAL EQUITY | 363,401,095 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,138,826,391 |
| INCOME & EXPENSE | |
| Loan Income | 102,508,622 |
| Investment Income | 11,631,078 |
| Other Income | 8,969,895 |
| Total Employee Compensation & Benefits | 34,999,118 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 34,653,780 |
| Non-operating Income & (Expense) | -52,944 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,078,120 |
| Cost of Funds | 44,726,545 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,473,833 |
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