Dec, 31, 2023 — WEST-AIRCOMM FEDERAL CREDIT UNION is a federal credit union headquartered in BEAVER, PA with 3 branch locations and about $330.04 million in total assets. Opened 75 years ago in 1949, WEST-AIRCOMM FEDERAL CREDIT UNION has about 21,444 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WEST-AIRCOMM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 485 Buffalo St BEAVER, PA 15009-2058 |
| Phone: | (724) 775-6640 |
| Fax: | (724) 775-9650 |
| Website: | https://www.westaircomm.com |
| Branches: | 3 branch locations |
| Members: | 21,444 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6233 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $330,040,174 |
| CEO/Manager: | Lynn Stephenson |
| Chairperson: | Phillip F Pietrandrea |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,237,547 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 163,715,938 |
| Unsecured Loans | 14,372,823 |
| Other Loans | 87,848,550 |
| TOTAL LOANS | 266,299,887 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,573,367 |
| Land And Building | 2,556,433 |
| Other Fixed Assets | 208,596 |
| NCUSIF Deposit | 2,562,748 |
| All Other Assets | 0 |
| TOTAL ASSETS | 330,040,174 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -871,237 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,864,941 |
| Regular shares | 84,178,449 |
| All Other Shares & Deposits | 156,172,067 |
| TOTAL SHARES & DEPOSITS | 292,215,457 |
| TOTAL LIABILITIES | 291,355,326 |
| Regular Reserve | 0 |
| Other Reserves | 119,681 |
| Undivided Earnings | 38,565,167 |
| TOTAL EQUITY | 38,684,848 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 330,040,174 |
| INCOME & EXPENSE | |
| Loan Income | 12,348,007 |
| Investment Income | 1,467,832 |
| Other Income | 1,119,312 |
| Total Employee Compensation & Benefits | 3,835,557 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,354,345 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 859,063 |
| Cost of Funds | 2,954,071 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,002,410 |
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