Jun, 30, 2023 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $90.65 million in total assets. Opened 67 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,914 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: | 4,914 |
| 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: | $90,646,984 |
| CEO/Manager: | Alice G Viera |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,619,037 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,294,613 |
| Unsecured Loans | 6,005,679 |
| Other Loans | 19,638,457 |
| TOTAL LOANS | 36,938,749 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,881 |
| Land And Building | 1,070,996 |
| Other Fixed Assets | 71,142 |
| NCUSIF Deposit | 788,128 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,646,984 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 869,095 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,050,136 |
| Regular shares | 47,192,749 |
| All Other Shares & Deposits | 18,244,199 |
| TOTAL SHARES & DEPOSITS | 84,487,084 |
| TOTAL LIABILITIES | 85,356,179 |
| Regular Reserve | 0 |
| Other Reserves | -2,201,202 |
| Undivided Earnings | 7,492,007 |
| TOTAL EQUITY | 5,290,805 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,646,984 |
| INCOME & EXPENSE | |
| Loan Income | 1,064,066 |
| Investment Income | 475,269 |
| Other Income | 425,737 |
| Total Employee Compensation & Benefits | 682,965 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,168,889 |
| Non-operating Income & (Expense) | 203,455 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,385 |
| Cost of Funds | 77,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 303,531 |
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