Dec, 31, 2021 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $88.02 million in total assets. Opened 66 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,927 members and employs 15 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: | http://www.swrcfcu.com |
| Branches: | 2 branch locations |
| Members: | 4,927 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $88,019,579 |
| CEO/Manager: | Alice G Viera |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,325,375 |
| TOTAL INVESTMENTS | 41,846,213 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,730,453 |
| Unsecured Loans | 6,109,283 |
| Other Loans | 17,393,388 |
| TOTAL LOANS | 34,233,124 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,977 |
| Land And Building | 1,088,379 |
| Other Fixed Assets | 107,677 |
| NCUSIF Deposit | 782,861 |
| All Other Assets | 2,787,927 |
| TOTAL ASSETS | 88,019,579 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 562,737 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,751,756 |
| Regular shares | 44,910,223 |
| All Other Shares & Deposits | 17,842,395 |
| TOTAL SHARES & DEPOSITS | 80,504,374 |
| TOTAL LIABILITIES | 81,067,111 |
| Regular Reserve | 1,176,230 |
| Other Reserves | -236,006 |
| Undivided Earnings | 6,012,244 |
| TOTAL EQUITY | 6,952,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,019,579 |
| INCOME & EXPENSE | |
| Loan Income | 1,350,028 |
| Investment Income | 571,120 |
| Other Income | 261,771 |
| Total Employee Compensation & Benefits | 1,005,615 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,170,912 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,500 |
| Cost of Funds | 116,032 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 314,886 |
| ↑ Back to Top | |