Sep, 30, 2021 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 2 branch locations and about $88.65 million in total assets. Opened 66 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,929 members and employs 16 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: | 4,929 |
| 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: | $88,648,507 |
| CEO/Manager: | Alice G Viera |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,877,605 |
| TOTAL INVESTMENTS | 44,747,227 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,393,091 |
| Unsecured Loans | 6,187,868 |
| Other Loans | 17,797,281 |
| TOTAL LOANS | 31,378,240 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,748 |
| Land And Building | 1,094,173 |
| Other Fixed Assets | 114,962 |
| NCUSIF Deposit | 723,053 |
| All Other Assets | 2,867,995 |
| TOTAL ASSETS | 88,648,507 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,150 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 551,702 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,627,774 |
| Regular shares | 44,427,668 |
| All Other Shares & Deposits | 17,949,402 |
| TOTAL SHARES & DEPOSITS | 81,004,844 |
| TOTAL LIABILITIES | 81,569,696 |
| Regular Reserve | 1,176,230 |
| Other Reserves | -53,329 |
| Undivided Earnings | 5,955,910 |
| TOTAL EQUITY | 7,078,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,648,507 |
| INCOME & EXPENSE | |
| Loan Income | 1,011,462 |
| Investment Income | 431,206 |
| Other Income | 167,705 |
| Total Employee Compensation & Benefits | 762,582 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 904,406 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,500 |
| Cost of Funds | 89,198 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 258,552 |
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