Sep, 30, 2025 — WATER AND POWER COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LOS ANGELES, CA with 4 branch locations and about $1.00 billion in total assets. Opened 90 years ago in 1936, WATER AND POWER COMMUNITY CREDIT UNION has about 44,948 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WATER AND POWER COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1053 W Sunset Blvd LOS ANGELES, CA 90012-2134 |
| Phone: | (213) 580-1600 |
| Fax: | |
| Website: | https://www.wpccu.org |
| Branches: | 4 branch locations |
| Members: | 44,948 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68493 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,000,962,486 |
| CEO/Manager: | Mike Tufegdzich |
| Chairperson: | Venest Henry-Evans |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,323,544 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 382,427,674 |
| Unsecured Loans | 44,717,152 |
| Other Loans | 275,977,449 |
| TOTAL LOANS | 703,122,276 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,797,846 |
| Land And Building | 4,649,226 |
| Other Fixed Assets | 1,555,170 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,056,243 |
| All Other Assets | 8,810 |
| TOTAL ASSETS | 1,000,962,486 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,022,193 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 5,734,885 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 10,000,000 |
| Share Drafts | 229,353,574 |
| Regular shares | 335,907,615 |
| All Other Shares & Deposits | 262,591,157 |
| TOTAL SHARES & DEPOSITS | 827,852,346 |
| TOTAL LIABILITIES | 944,688,621 |
| Regular Reserve | 0 |
| Other Reserves | -21,449,157 |
| Undivided Earnings | 77,723,022 |
| TOTAL EQUITY | 56,273,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,000,962,486 |
| INCOME & EXPENSE | |
| Loan Income | 28,066,528 |
| Investment Income | 3,989,967 |
| Other Income | 2,188,596 |
| Total Employee Compensation & Benefits | 11,199,987 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,483,072 |
| Non-operating Income & (Expense) | 277,021 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,201,387 |
| Cost of Funds | 7,238,522 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,684,096 |
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