Dec, 31, 2023 — P W C EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in WOODBRIDGE, VA with 2 branch locations and about $71.71 million in total assets. Opened 53 years ago in 1971, P W C EMPLOYEES CREDIT UNION has about 6,973 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | P W C EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 12715 Ridgefield Village Dr STE 101 WOODBRIDGE, VA 22193-8911 |
| Phone: | (703) 680-1143 |
| Fax: | (703) 680-5998 |
| Website: | https://www.pwcecu.org |
| Branches: | 2 branch locations |
| Members: | 6,973 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66975 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $71,706,809 |
| CEO/Manager: | Robin C Bodie |
| Chairperson: | Robert J Pomietto |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,334,640 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,989,308 |
| Unsecured Loans | 9,494,410 |
| Other Loans | 15,321,093 |
| TOTAL LOANS | 29,804,811 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -278,541 |
| Land And Building | 2,031,154 |
| Other Fixed Assets | 42,680 |
| NCUSIF Deposit | 666,720 |
| All Other Assets | 0 |
| TOTAL ASSETS | 71,706,809 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 68,487 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,003,484 |
| Regular shares | 36,957,685 |
| All Other Shares & Deposits | 12,990,698 |
| TOTAL SHARES & DEPOSITS | 62,951,867 |
| TOTAL LIABILITIES | 63,020,402 |
| Regular Reserve | 0 |
| Other Reserves | -1,655,262 |
| Undivided Earnings | 10,341,669 |
| TOTAL EQUITY | 8,686,407 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 71,706,809 |
| INCOME & EXPENSE | |
| Loan Income | 1,875,163 |
| Investment Income | 709,652 |
| Other Income | 762,174 |
| Total Employee Compensation & Benefits | 1,135,864 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,552,406 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 168,824 |
| Cost of Funds | 270,391 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 333,498 |
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