Dec, 31, 2023 — WEA CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 1 branch location and about $38.00 million in total assets. Opened 93 years ago in 1931, WEA CREDIT UNION has about 2,713 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEA CREDIT UNION |
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Address: (Main Office) | 33 Nob Hill Rd MADISON, WI 53713 |
Phone: | (608) 274-9828 |
Fax: | (608) 276-3416 |
Website: | https://www.weacu.com |
Branches: | 1 branch locations |
Members: | 2,713 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66677 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $37,997,463 |
CEO/Manager: | Cassandra J Thom |
Chairperson: | Russ Allen |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,797,359 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,086,765 |
Unsecured Loans | 1,186,629 |
Other Loans | 9,711,464 |
TOTAL LOANS | 19,984,861 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,732 |
Land And Building | 0 |
Other Fixed Assets | 21,504 |
NCUSIF Deposit | 325,049 |
All Other Assets | 0 |
TOTAL ASSETS | 37,997,463 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 38,803 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 182,964 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,455,377 |
Regular shares | 8,676,852 |
All Other Shares & Deposits | 14,548,523 |
TOTAL SHARES & DEPOSITS | 33,680,752 |
TOTAL LIABILITIES | 33,903,413 |
Regular Reserve | 0 |
Other Reserves | -2 |
Undivided Earnings | 4,094,052 |
TOTAL EQUITY | 4,094,050 |
TOTAL LIABILITIES, SHARES, & EQUITY | 37,997,463 |
INCOME & EXPENSE | |
Loan Income | 894,359 |
Investment Income | 460,115 |
Other Income | 39,341 |
Total Employee Compensation & Benefits | 416,308 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 564,285 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,884 |
Cost of Funds | 211,502 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 295,007 |
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