Treasurer/CFO Report

2024 was another solid year for Water and Power Community Credit Union with the support of our over 44,800 members. WPCCU continued our mission we started in 1936, to be the trusted financial partner to our members. Over the course of the year, we provided our members with access to a wide range of lending products to help them with everything from buying a home to purchasing their dream car to financing renewable solar energy. In 2024, we said yes to our members by extending them over $76 Million dollars in loans. At the same time WPCCU members trusted us with over $800 Million of their money, which was a slight decrease from 2023 as everyone felt the pinch of high inflation in 2024.

As our members’ trusted financial partner, WPCCU ended 2024 well capitalized with net worth of $84.0 Million. This puts the credit union in a solid position to continue our mission of being our members’ trusted financial partner. We look forward to continuing to support our members and communities in 2025. We are grateful for the opportunity to help our members achieve their financial goals in 2025 and beyond.