Jun, 30, 2024 — WCLA CREDIT UNION is a federally insured state chartered credit union headquartered in OLYMPIA, WA with 1 branch location and about $102.40 million in total assets. Opened 40 years ago in 1984, WCLA CREDIT UNION has about 1,277 members and employs 9 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://loggerscu.com |
| Branches: | 1 branch locations |
| Members: | 1,277 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $102,399,899 |
| CEO/Manager: | Brian Bahs |
| Chairperson: | Dan Richart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,068,577 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,420,823 |
| Unsecured Loans | 167,134 |
| Other Loans | 78,272,880 |
| TOTAL LOANS | 82,860,837 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -687,507 |
| Land And Building | 0 |
| Other Fixed Assets | 68,580 |
| NCUSIF Deposit | 537,999 |
| All Other Assets | 524,940 |
| TOTAL ASSETS | 102,399,899 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,500,000 |
| Accounts Payable & Other Liabilities | 360,892 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,398,663 |
| Regular shares | 5,426,439 |
| All Other Shares & Deposits | 64,683,753 |
| TOTAL SHARES & DEPOSITS | 80,508,855 |
| TOTAL LIABILITIES | 85,369,747 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 17,030,152 |
| TOTAL EQUITY | 17,030,152 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 102,399,899 |
| INCOME & EXPENSE | |
| Loan Income | 3,169,879 |
| Investment Income | 177,703 |
| Other Income | 58,427 |
| Total Employee Compensation & Benefits | 870,604 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 486,988 |
| Non-operating Income & (Expense) | -4 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 487,451 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,635,910 |
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