Dec, 31, 2023 — SOUTHWEST COMMUNITIES FEDERAL CREDIT UNION is a federal credit union headquartered in CARNEGIE, PA with 1 branch location and about $19.27 million in total assets. Opened 85 years ago in 1939, SOUTHWEST COMMUNITIES FEDERAL CREDIT UNION has about 2,016 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHWEST COMMUNITIES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 213 Pine St CARNEGIE, PA 15106-2438 |
| Phone: | (412) 276-5379 |
| Fax: | (412) 276-9423 |
| Website: | https://www.swcfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,016 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3278 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,267,457 |
| CEO/Manager: | Barbara E Heil |
| Chairperson: | Ronald C Bittner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,648,790 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,814,074 |
| Unsecured Loans | 712,972 |
| Other Loans | 1,810,568 |
| TOTAL LOANS | 7,417,308 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,709 |
| Land And Building | 16,005 |
| Other Fixed Assets | 2,732 |
| NCUSIF Deposit | 181,370 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,267,457 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,815,016 |
| Regular shares | 13,335,207 |
| All Other Shares & Deposits | 1,422,533 |
| TOTAL SHARES & DEPOSITS | 17,572,756 |
| TOTAL LIABILITIES | 17,579,410 |
| Regular Reserve | 0 |
| Other Reserves | 663,627 |
| Undivided Earnings | 1,024,420 |
| TOTAL EQUITY | 1,688,047 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,267,457 |
| INCOME & EXPENSE | |
| Loan Income | 402,860 |
| Investment Income | 369,696 |
| Other Income | 45,295 |
| Total Employee Compensation & Benefits | 293,459 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 343,911 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,150 |
| Cost of Funds | 78,210 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 115,078 |
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