Dec, 31, 2023 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $83.46 million in total assets. Opened 68 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,934 members and employs 13 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 RESEARCH CENTER FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7215 Culebra Rd SAN ANTONIO, TX 78251-1305 |
| Phone: | (210) 684-1054 |
| Fax: | (210) 684-0670 |
| Website: | https://www.swrcfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,934 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10913 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $83,462,886 |
| CEO/Manager: | Karen S Mathias |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,185,426 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,798,690 |
| Unsecured Loans | 5,901,794 |
| Other Loans | 21,419,914 |
| TOTAL LOANS | 39,120,397 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -174,769 |
| Land And Building | 1,043,249 |
| Other Fixed Assets | 49,806 |
| NCUSIF Deposit | 760,360 |
| All Other Assets | 0 |
| TOTAL ASSETS | 83,462,886 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 797,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,681,264 |
| Regular shares | 41,417,637 |
| All Other Shares & Deposits | 16,132,611 |
| TOTAL SHARES & DEPOSITS | 76,231,513 |
| TOTAL LIABILITIES | 77,029,019 |
| Regular Reserve | 0 |
| Other Reserves | -1,640,377 |
| Undivided Earnings | 8,074,244 |
| TOTAL EQUITY | 6,433,867 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 83,462,886 |
| INCOME & EXPENSE | |
| Loan Income | 1,814,072 |
| Investment Income | 937,136 |
| Other Income | 561,497 |
| Total Employee Compensation & Benefits | 853,437 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,637,611 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,463 |
| Cost of Funds | 193,141 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 604,122 |
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» See also Statement of Financial Condition