Dec, 31, 2023 — SM FEDERAL CREDIT UNION (SMFCU) is a federal credit union headquartered in MISSION, KS with 2 branch locations and about $76.09 million in total assets. Opened 64 years ago in 1960, SM FEDERAL CREDIT UNION (SMFCU) has about 2,416 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SM FEDERAL CREDIT UNION |
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Address: (Main Office) | 6029 BROADMOOR St MISSION, KS 66202-9995 |
Phone: | (913) 831-4555 |
Fax: | (913) 831-0495 |
Website: | https://www.smfederal.org |
Branches: | 2 branch locations |
Members: | 2,416 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13941 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $76,085,489 |
CEO/Manager: | LISA M WALL |
Chairperson: | Jerry Fennesy |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,840,436 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 42,374,086 |
Unsecured Loans | 97,706 |
Other Loans | 5,623,203 |
TOTAL LOANS | 48,094,995 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,524 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 602,716 |
All Other Assets | 0 |
TOTAL ASSETS | 76,085,489 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 141,801 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 193,035 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 84,275 |
Regular shares | 28,493,633 |
All Other Shares & Deposits | 32,802,041 |
TOTAL SHARES & DEPOSITS | 61,379,949 |
TOTAL LIABILITIES | 61,714,785 |
Regular Reserve | 0 |
Other Reserves | 1,433,824 |
Undivided Earnings | 12,936,880 |
TOTAL EQUITY | 14,370,704 |
TOTAL LIABILITIES, SHARES, & EQUITY | 76,085,489 |
INCOME & EXPENSE | |
Loan Income | 1,382,478 |
Investment Income | 820,959 |
Other Income | 2,405 |
Total Employee Compensation & Benefits | 327,985 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 244,661 |
Non-operating Income & (Expense) | 4,421 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,462 |
Cost of Funds | 1,313,811 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 319,344 |
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