Dec, 31, 2023 — SEA WEST COAST GUARD FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 2 branch locations and about $403.09 million in total assets. Opened 65 years ago in 1959, SEA WEST COAST GUARD FEDERAL CREDIT UNION has about 11,519 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SEA WEST COAST GUARD FEDERAL CREDIT UNION |
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Address: (Main Office) | 8750 Mountain Blvd OAKLAND, CA 94605-4500 |
Phone: | (510) 568-4100 |
Fax: | (510) 430-0165 |
Website: | https://www.seawest.coop |
Branches: | 2 branch locations |
Members: | 11,519 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12814 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $403,088,770 |
CEO/Manager: | Tom Doherty |
Chairperson: | Jerry Doherty |
ASSETS: | $ Amount |
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Cash & Equivalents | 35,199,563 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 191,159,502 |
Unsecured Loans | 7,253,682 |
Other Loans | 46,684,333 |
TOTAL LOANS | 252,768,590 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -578,060 |
Land And Building | 606,094 |
Other Fixed Assets | 332,975 |
NCUSIF Deposit | 2,815,732 |
All Other Assets | 0 |
TOTAL ASSETS | 403,088,770 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,091,134 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 54,070,885 |
Regular shares | 139,666,291 |
All Other Shares & Deposits | 130,270,367 |
TOTAL SHARES & DEPOSITS | 324,007,542 |
TOTAL LIABILITIES | 326,098,676 |
Regular Reserve | 0 |
Other Reserves | 3,941,195 |
Undivided Earnings | 73,048,899 |
TOTAL EQUITY | 76,990,094 |
TOTAL LIABILITIES, SHARES, & EQUITY | 403,088,770 |
INCOME & EXPENSE | |
Loan Income | 8,511,166 |
Investment Income | 1,303,547 |
Other Income | 166,458 |
Total Employee Compensation & Benefits | 4,492,961 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,366,281 |
Non-operating Income & (Expense) | 3,050,535 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,400 |
Cost of Funds | 3,722,845 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,057,734 |
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