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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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