Sep, 30, 2022 — WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in OAKTON, VA with 6 branch locations and about $1.23 billion in total assets. Opened 70 years ago in 1953, WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION has about 47,383 members and employs 135 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10461 White Granite Dr OAKTON, VA 22124 |
| Phone: | (703) 934-8300 |
| Fax: | (703) 352-3452 |
| Website: | https://www.congressionalfcu.org |
| Branches: | 6 branch locations |
| Members: | 47,383 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8797 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,228,533,862 |
| CEO/Manager: | Montez Hairston |
| Chairperson: | James J Kaelin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 66,584,705 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 420,000 |
| Real Estate Loans | 540,978,009 |
| Unsecured Loans | 81,268,512 |
| Other Loans | 57,485,274 |
| TOTAL LOANS | 679,731,795 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,242,980 |
| Land And Building | 6,725,068 |
| Other Fixed Assets | 2,624,784 |
| NCUSIF Deposit | 9,712,946 |
| All Other Assets | 20,012 |
| TOTAL ASSETS | 1,228,533,862 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 76,322 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,072,561 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 321,544,947 |
| Regular shares | 261,182,627 |
| All Other Shares & Deposits | 548,344,837 |
| TOTAL SHARES & DEPOSITS | 1,131,072,411 |
| TOTAL LIABILITIES | 1,140,221,294 |
| Regular Reserve | 0 |
| Other Reserves | -20,535,228 |
| Undivided Earnings | 108,847,796 |
| TOTAL EQUITY | 88,312,568 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,228,533,862 |
| INCOME & EXPENSE | |
| Loan Income | 19,415,548 |
| Investment Income | 5,424,861 |
| Other Income | 1,254,052 |
| Total Employee Compensation & Benefits | 11,069,044 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,041,084 |
| Non-operating Income & (Expense) | 6,307 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 233,696 |
| Cost of Funds | 2,449,773 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,471,986 |
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