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WEA CREDIT UNION

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
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
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

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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