Dec, 31, 2020 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 2 branch locations and about $81.51 million in total assets. Opened 65 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,982 members and employs 18 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: | 4,982 |
| 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, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $81,506,256 |
| CEO/Manager: | Alice G Viera |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,233,271 |
| TOTAL INVESTMENTS | 43,690,618 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,261,750 |
| Unsecured Loans | 6,776,381 |
| Other Loans | 17,170,362 |
| TOTAL LOANS | 28,208,493 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,816 |
| Land And Building | 1,109,679 |
| Other Fixed Assets | 140,948 |
| NCUSIF Deposit | 697,513 |
| All Other Assets | 3,577,550 |
| TOTAL ASSETS | 81,506,256 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,802 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 355,250 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,148,320 |
| Regular shares | 41,365,930 |
| All Other Shares & Deposits | 16,678,496 |
| TOTAL SHARES & DEPOSITS | 74,192,746 |
| TOTAL LIABILITIES | 74,562,798 |
| Regular Reserve | 1,176,230 |
| Other Reserves | 69,870 |
| Undivided Earnings | 5,697,358 |
| TOTAL EQUITY | 6,943,458 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,506,256 |
| INCOME & EXPENSE | |
| Loan Income | 1,487,999 |
| Investment Income | 645,193 |
| Other Income | 636,502 |
| Total Employee Compensation & Benefits | 971,258 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,270,383 |
| Non-operating Income & (Expense) | -45 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 190,000 |
| Cost of Funds | 164,797 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 173,211 |
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