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SOUTH COAST ILWU FEDERAL CREDIT UNION

Dec, 31, 2023 — SOUTH COAST ILWU FEDERAL CREDIT UNION is a federal credit union headquartered in NORTH BEND, OR with 1 branch location and about $18.42 million in total assets. Opened 70 years ago in 1954, SOUTH COAST ILWU FEDERAL CREDIT UNION has about 1,036 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH COAST ILWU FEDERAL CREDIT UNION
Address:
(Main Office)
2438 Broadway Ave
NORTH BEND, OR 97459
Phone:(541) 756-5746
Fax:(541) 756-1244
Website:https://southcoastilwufcu.com
Branches:1 branch locations
Members:1,036
Credit Union Type:Federal Credit Union
Charter Number:9376
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1954
Last Audited:Aug 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$18,415,558
CEO/Manager:Kylee Smith
Chairperson:Marcia Strike

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,429,636
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,375,685
 Unsecured Loans 583,633
 Other Loans 6,744,112
 TOTAL LOANS 9,703,430
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -16,640
 Land And Building 280,786
 Other Fixed Assets 60,280
 NCUSIF Deposit 175,816
 All Other Assets 0
  TOTAL ASSETS 18,415,558
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 24,078
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,547,706
 Regular shares 9,806,521
 All Other Shares & Deposits 3,308,342
  TOTAL SHARES & DEPOSITS 15,662,570
  TOTAL LIABILITIES 15,686,648
 Regular Reserve 0
 Other Reserves 256,754
 Undivided Earnings 2,472,156
  TOTAL EQUITY 2,728,910
  TOTAL LIABILITIES, SHARES, & EQUITY 18,415,558
INCOME & EXPENSE  
 Loan Income 428,962
 Investment Income 375,297
 Other Income 70,264
 Total Employee Compensation & Benefits 381,228
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 251,592
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,043
 Cost of Funds 13,479
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 230,396
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