Dec, 31, 2023 — SOUTHEASTERN ARIZONA FEDERAL CREDIT UNION is a federal credit union headquartered in DOUGLAS, AZ with 2 branch locations and about $45.21 million in total assets. Opened 70 years ago in 1954, SOUTHEASTERN ARIZONA FEDERAL CREDIT UNION has about 5,432 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHEASTERN ARIZONA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 N Pan American Ave DOUGLAS, AZ 85607 |
| Phone: | (520) 364-8401 |
| Fax: | (520) 364-2967 |
| Website: | https://www.seafcu.com |
| Branches: | 2 branch locations |
| Members: | 5,432 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9897 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,214,359 |
| CEO/Manager: | Elisa Watson |
| Chairperson: | Hilbert Bernal, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,294,247 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 155,932 |
| Unsecured Loans | 3,601,809 |
| Other Loans | 16,519,442 |
| TOTAL LOANS | 20,277,183 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -235,743 |
| Land And Building | 452,928 |
| Other Fixed Assets | 59,925 |
| NCUSIF Deposit | 386,833 |
| All Other Assets | 22,356 |
| TOTAL ASSETS | 45,214,359 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 284,494 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,207,863 |
| Regular shares | 25,646,560 |
| All Other Shares & Deposits | 2,842,528 |
| TOTAL SHARES & DEPOSITS | 39,696,950 |
| TOTAL LIABILITIES | 39,981,444 |
| Regular Reserve | 0 |
| Other Reserves | 383,641 |
| Undivided Earnings | 4,849,274 |
| TOTAL EQUITY | 5,232,915 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,214,359 |
| INCOME & EXPENSE | |
| Loan Income | 1,043,543 |
| Investment Income | 568,781 |
| Other Income | 419,559 |
| Total Employee Compensation & Benefits | 602,312 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 923,398 |
| Non-operating Income & (Expense) | 215,835 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,977 |
| Cost of Funds | 23,386 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 678,474 |
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