Dec, 31, 2023 — SWEETWATER REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in SWEETWATER, TX with 1 branch location and about $7.98 million in total assets. Opened 68 years ago in 1956, SWEETWATER REGIONAL FEDERAL CREDIT UNION has about 1,140 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SWEETWATER REGIONAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1900 Preston Rd SWEETWATER, TX 79556 |
Phone: | (325) 235-4319 |
Fax: | (325) 235-9361 |
Website: | https://www.sweetwatercredit.com |
Branches: | 1 branch locations |
Members: | 1,140 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11377 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,976,237 |
CEO/Manager: | Renee Martinez |
Chairperson: | David Warren |
ASSETS: | $ Amount |
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Cash & Equivalents | 477,287 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 341,148 |
Other Loans | 2,473,165 |
TOTAL LOANS | 2,814,313 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,103 |
Land And Building | 400,089 |
Other Fixed Assets | 11,445 |
NCUSIF Deposit | 66,269 |
All Other Assets | 0 |
TOTAL ASSETS | 7,976,237 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 600,000 |
Accounts Payable & Other Liabilities | 18,066 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 483,392 |
Regular shares | 4,146,568 |
All Other Shares & Deposits | 1,306,056 |
TOTAL SHARES & DEPOSITS | 5,936,018 |
TOTAL LIABILITIES | 6,554,084 |
Regular Reserve | 0 |
Other Reserves | 588,534 |
Undivided Earnings | 833,619 |
TOTAL EQUITY | 1,422,153 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,976,237 |
INCOME & EXPENSE | |
Loan Income | 165,215 |
Investment Income | 68,082 |
Other Income | 71,447 |
Total Employee Compensation & Benefits | 168,330 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 205,873 |
Non-operating Income & (Expense) | 3,425 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,734 |
Cost of Funds | 46,071 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -125,414 |
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