Sep, 30, 2025 — WATER'S EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in BILOXI, MS with 1 branch location and about $5.36 million in total assets. Opened 73 years ago in 1953, WATER'S EDGE FEDERAL CREDIT UNION has about 614 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WATER'S EDGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1976 Popps Ferry Rd BILOXI, MS 39532 |
| Phone: | (228) 896-0038 |
| Fax: | (228) 896-4275 |
| Website: | https://www.watersedgefcu.com |
| Branches: | 1 branch locations |
| Members: | 614 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8593 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,364,872 |
| CEO/Manager: | Amy L Olier |
| Chairperson: | Nanette Butts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 242,464 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 414,135 |
| Other Loans | 2,245,376 |
| TOTAL LOANS | 2,659,511 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,776 |
| Land And Building | 310,302 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 45,931 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,364,872 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,893 |
| Notes & Interest Payable | 250,000 |
| Accounts Payable & Other Liabilities | -2,081 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,137,528 |
| All Other Shares & Deposits | 2,547,908 |
| TOTAL SHARES & DEPOSITS | 4,685,435 |
| TOTAL LIABILITIES | 4,963,247 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 401,625 |
| TOTAL EQUITY | 401,625 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,364,872 |
| INCOME & EXPENSE | |
| Loan Income | 173,510 |
| Investment Income | 69,166 |
| Other Income | 6,946 |
| Total Employee Compensation & Benefits | 109,207 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 59,883 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,243 |
| Cost of Funds | 74,091 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,991 |
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