Sep, 30, 2025 — WCLA CREDIT UNION is a federally insured state chartered credit union headquartered in OLYMPIA, WA with 1 branch location and about $141.67 million in total assets. Opened 42 years ago in 1984, WCLA CREDIT UNION has about 1,386 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WCLA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2419 Pacific Ave SE OLYMPIA, WA 98501 |
| Phone: | (360) 352-5033 |
| Fax: | (360) 352-1537 |
| Website: | https://www.loggerscu.com |
| Branches: | 1 branch locations |
| Members: | 1,386 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68328 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1984 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $141,672,496 |
| CEO/Manager: | Charles Thompson |
| Chairperson: | Edward Gould |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,719,858 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,411,328 |
| Unsecured Loans | 271,817 |
| Other Loans | 104,042,550 |
| TOTAL LOANS | 124,725,695 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -923,032 |
| Land And Building | 0 |
| Other Fixed Assets | 351,918 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 714,142 |
| All Other Assets | 310,839 |
| TOTAL ASSETS | 141,672,496 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,500,000 |
| Accounts Payable & Other Liabilities | 309,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,330,585 |
| Regular shares | 4,703,084 |
| All Other Shares & Deposits | 97,836,516 |
| TOTAL SHARES & DEPOSITS | 112,870,185 |
| TOTAL LIABILITIES | 118,679,559 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 22,992,937 |
| TOTAL EQUITY | 22,992,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,672,496 |
| INCOME & EXPENSE | |
| Loan Income | 6,503,743 |
| Investment Income | 344,464 |
| Other Income | 55,909 |
| Total Employee Compensation & Benefits | 1,082,697 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 681,454 |
| Non-operating Income & (Expense) | -4 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 156,000 |
| Cost of Funds | 3,321,871 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,687,264 |
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