Sep, 30, 2025 — WESTEDGE FEDERAL CREDIT UNION is a federal credit union headquartered in BELLINGHAM, WA with 1 branch location and about $78.94 million in total assets. Opened 74 years ago in 1952, WESTEDGE FEDERAL CREDIT UNION has about 4,182 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTEDGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2501 James St BELLINGHAM, WA 98225-3529 |
| Phone: | (360) 734-5790 |
| Fax: | (360) 734-9249 |
| Website: | https://www.westedgecu.org |
| Branches: | 1 branch locations |
| Members: | 4,182 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8113 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,937,350 |
| CEO/Manager: | Scott Segel |
| Chairperson: | Peter Border |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,401,873 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,865,921 |
| Unsecured Loans | 7,686,179 |
| Other Loans | 15,186,971 |
| TOTAL LOANS | 36,739,070 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -383,797 |
| Land And Building | 480,391 |
| Other Fixed Assets | 135,031 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 671,419 |
| All Other Assets | 22,000 |
| TOTAL ASSETS | 78,937,350 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -509,246 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,256,257 |
| Regular shares | 24,974,363 |
| All Other Shares & Deposits | 27,112,461 |
| TOTAL SHARES & DEPOSITS | 66,343,081 |
| TOTAL LIABILITIES | 65,833,836 |
| Regular Reserve | 0 |
| Other Reserves | -24,210 |
| Undivided Earnings | 13,127,724 |
| TOTAL EQUITY | 13,103,514 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,937,350 |
| INCOME & EXPENSE | |
| Loan Income | 1,816,657 |
| Investment Income | 1,011,824 |
| Other Income | 144,861 |
| Total Employee Compensation & Benefits | 918,722 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 874,747 |
| Non-operating Income & (Expense) | -14,979 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 255,635 |
| Cost of Funds | 433,892 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 839,110 |
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