Dec, 31, 2023 — W-BEE FEDERAL CREDIT UNION is a federal credit union headquartered in WILKES BARRE, PA with 3 branch locations and about $50.26 million in total assets. Opened 86 years ago in 1938, W-BEE FEDERAL CREDIT UNION has about 1,711 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | W-BEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 87 N Main St WILKES BARRE, PA 18701 |
Phone: | (570) 825-9950 |
Fax: | (570) 825-7125 |
Website: | https://www.wbeefcu.com |
Branches: | 3 branch locations |
Members: | 1,711 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2657 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $50,258,561 |
CEO/Manager: | Wendy Stout |
Chairperson: | Harold Gabriel |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,050,429 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,022,296 |
Unsecured Loans | 402,617 |
Other Loans | 3,161,621 |
TOTAL LOANS | 6,586,534 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,523 |
Land And Building | 0 |
Other Fixed Assets | 62 |
NCUSIF Deposit | 489,969 |
All Other Assets | 17,597 |
TOTAL ASSETS | 50,258,561 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 61,485 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,497,138 |
Regular shares | 40,721,478 |
All Other Shares & Deposits | 1,820,038 |
TOTAL SHARES & DEPOSITS | 46,038,654 |
TOTAL LIABILITIES | 46,100,139 |
Regular Reserve | 0 |
Other Reserves | -217,631 |
Undivided Earnings | 4,376,053 |
TOTAL EQUITY | 4,158,422 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,258,561 |
INCOME & EXPENSE | |
Loan Income | 218,248 |
Investment Income | 1,054,992 |
Other Income | 11,423 |
Total Employee Compensation & Benefits | 0 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 394,849 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,795 |
Cost of Funds | 751,475 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 137,577 |
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