Mar, 31, 2022 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $89.68 million in total assets. Opened 66 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,949 members and employs 14 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: | 4,949 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $89,678,618 |
| CEO/Manager: | Alice G Viera |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,428,129 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,271,149 |
| Unsecured Loans | 5,965,795 |
| Other Loans | 17,258,379 |
| TOTAL LOANS | 34,495,323 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -138,431 |
| Land And Building | 1,082,584 |
| Other Fixed Assets | 95,180 |
| NCUSIF Deposit | 782,861 |
| All Other Assets | 0 |
| TOTAL ASSETS | 89,678,618 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 817,914 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,738,148 |
| Regular shares | 46,826,448 |
| All Other Shares & Deposits | 18,006,380 |
| TOTAL SHARES & DEPOSITS | 82,570,976 |
| TOTAL LIABILITIES | 83,388,890 |
| Regular Reserve | 0 |
| Other Reserves | -1,091,867 |
| Undivided Earnings | 7,381,595 |
| TOTAL EQUITY | 6,289,728 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,678,618 |
| INCOME & EXPENSE | |
| Loan Income | 346,539 |
| Investment Income | 120,911 |
| Other Income | 138,697 |
| Total Employee Compensation & Benefits | 215,041 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 339,949 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 24,943 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 193,121 |
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