Treasurer/CFO Report
2021 was another year filled with challenges as well as opportunities for the credit union to meet the many needs of our member owners. WPCCU continued to be a trusted financial partner to our more than 40,000 members.
Wide range of lending products
Over the course of the year, we provided them with access to a wide range of lending products. WPCCU helped our members with everything from buying or refinancing a home to purchasing their dream car, to financing renewable solar energy. Our members borrowed over $135 million in 2021. This was an increase of $53 million over their lending needs in 2020. At the same time members trusted us with over $852 million of their money, an increase of $92 million over the 2020 total. This increase in shares grew total assets to $950.8 million. In return, the credit union paid out over $1.9 million in dividends to our members on their deposits.
Net worth of $67.9 million
WPCCU ended 2021 well capitalized with net worth of $67.9 million. This puts the credit union in a position to continue our mission of being our members’ trusted financial partner. We look forward to 2022 and the opportunity to help our members achieve their financial independence.
Belinda Walker
Treasurer, Board of Directors
Felipe Castaneda
Chief Financial Officer
