Dec, 31, 2023 — WESTMORELAND WATER FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBURG, PA with 1 branch location and about $22.09 million in total assets. Opened 71 years ago in 1953, WESTMORELAND WATER FEDERAL CREDIT UNION has about 1,547 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTMORELAND WATER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1900 Franklin St GREENSBURG, PA 15601-5563 |
| Phone: | (724) 850-4797 |
| Fax: | (724) 836-7648 |
| Website: | https://www.wwcu.org |
| Branches: | 1 branch locations |
| Members: | 1,547 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9042 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,092,492 |
| CEO/Manager: | Stephanie Kernicky |
| Chairperson: | Barrie Rohrbacher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,626,095 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,682,148 |
| Unsecured Loans | 1,440,100 |
| Other Loans | 3,957,500 |
| TOTAL LOANS | 7,079,748 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,094 |
| Land And Building | 187,531 |
| Other Fixed Assets | 10,268 |
| NCUSIF Deposit | 193,152 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,092,492 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,685 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,457,307 |
| Regular shares | 10,276,116 |
| All Other Shares & Deposits | 7,020,729 |
| TOTAL SHARES & DEPOSITS | 18,754,152 |
| TOTAL LIABILITIES | 18,772,837 |
| Regular Reserve | 0 |
| Other Reserves | 255,137 |
| Undivided Earnings | 3,064,518 |
| TOTAL EQUITY | 3,319,655 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,092,492 |
| INCOME & EXPENSE | |
| Loan Income | 351,475 |
| Investment Income | 282,398 |
| Other Income | 21,385 |
| Total Employee Compensation & Benefits | 169,619 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 247,318 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,801 |
| Cost of Funds | 54,302 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 214,339 |
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» See also Statement of Financial Condition