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AMERICAN SOUTHWEST CREDIT UNION

Dec, 31, 2023 — AMERICAN SOUTHWEST CREDIT UNION is a federally insured state chartered credit union headquartered in SIERRA VISTA, AZ with 6 branch locations and about $376.87 million in total assets. Opened 69 years ago in 1955, AMERICAN SOUTHWEST CREDIT UNION has about 31,123 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:AMERICAN SOUTHWEST CREDIT UNION
Address:
(Main Office)
3090 E Fry Blvd
SIERRA VISTA, AZ 85635
Phone:(520) 459-1860
Fax:(520) 458-4249
Website:https://www.ascu.org
Branches:6 branch locations
Members:31,123
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68567
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1955
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$376,873,765
CEO/Manager:Jay Williamson
Chairperson:Mary Hyder

Call Report

  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,117,137
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 96,766,927
 Unsecured Loans 11,490,014
 Other Loans 93,662,144
 TOTAL LOANS 202,664,569
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,026,384
 Land And Building 6,928,370
 Other Fixed Assets 930,106
 NCUSIF Deposit 3,069,571
 All Other Assets 605,065
  TOTAL ASSETS 376,873,765
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,262,137
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 67,927,300
 Regular shares 128,205,005
 All Other Shares & Deposits 142,884,527
  TOTAL SHARES & DEPOSITS 339,016,832
  TOTAL LIABILITIES 342,278,969
 Regular Reserve 0
 Other Reserves -2,468,857
 Undivided Earnings 37,063,653
  TOTAL EQUITY 34,594,796
  TOTAL LIABILITIES, SHARES, & EQUITY 376,873,765
INCOME & EXPENSE  
 Loan Income 10,079,745
 Investment Income 3,421,000
 Other Income 865,137
 Total Employee Compensation & Benefits 4,796,949
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,631,379
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,031,911
 Cost of Funds 2,762,430
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,536,696
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