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WATER'S EDGE FEDERAL CREDIT UNION

Mar, 31, 2021 — WATER'S EDGE FEDERAL CREDIT UNION is a federal credit union headquartered in Biloxi, MS with 1 branch location and about $6.10 million in total assets. Opened 68 years ago in 1953, WATER'S EDGE FEDERAL CREDIT UNION has about 745 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 265576722
Name:WATER'S EDGE FEDERAL CREDIT UNION
Address:
(Main Office)
1976 Popps Ferry Road
Biloxi, MS 39532
Phone:(228) 896-0038
Fax:(228) 896-4275
Website:http://wefcu.org
Branches:1 branch locations
Members:745
Credit Union Type:Federal Credit Union
Charter Number:8593
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,097,985
CEO/Manager:Amy Olier
Chairperson:Salome Barrientos

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 354,056
TOTAL INVESTMENTS 2,764,142
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 295,859
 Other Loans 2,336,676
 TOTAL LOANS 2,632,535
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -47,065
 Land And Building 326,873
 Other Fixed Assets 228
 NCUSIF Deposit 51,930
 All Other Assets 15,286
  TOTAL ASSETS 6,097,985
LIABILITIES & CAPITAL:  
 Dividends Payable 42,676
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,380
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,251,490
 All Other Shares & Deposits 3,377,337
  TOTAL SHARES & DEPOSITS 5,628,827
  TOTAL LIABILITIES 5,674,883
 Regular Reserve 141,902
 Other Reserves 0
 Undivided Earnings 281,200
  TOTAL EQUITY 423,102
  TOTAL LIABILITIES, SHARES, & EQUITY 6,097,985
INCOME & EXPENSE  
 Loan Income 33,819
 Investment Income 12,476
 Other Income 1,545
 Total Employee Compensation & Benefits 32,918
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,482
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,211
 Cost of Funds 12,620
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -28,930
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