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 |
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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 |
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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 |
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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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