Jun, 30, 2021 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 2 branch locations and about $88.12 million in total assets. Opened 65 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,918 members and employs 17 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: | 4,918 |
| 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: | $88,118,552 |
| CEO/Manager: | Alice G Viera |
| Chairperson: | Jorge Lopez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,638,360 |
| TOTAL INVESTMENTS | 46,794,770 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,008,382 |
| Unsecured Loans | 6,329,891 |
| Other Loans | 16,048,753 |
| TOTAL LOANS | 29,387,026 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -160,335 |
| Land And Building | 1,098,105 |
| Other Fixed Assets | 127,117 |
| NCUSIF Deposit | 723,053 |
| All Other Assets | 3,510,456 |
| TOTAL ASSETS | 88,118,552 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,079 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 696,636 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,689,581 |
| Regular shares | 45,398,692 |
| All Other Shares & Deposits | 17,125,335 |
| TOTAL SHARES & DEPOSITS | 80,213,608 |
| TOTAL LIABILITIES | 80,923,323 |
| Regular Reserve | 1,176,230 |
| Other Reserves | 64,003 |
| Undivided Earnings | 5,954,996 |
| TOTAL EQUITY | 7,195,229 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,118,552 |
| INCOME & EXPENSE | |
| Loan Income | 672,154 |
| Investment Income | 284,925 |
| Other Income | 104,950 |
| Total Employee Compensation & Benefits | 511,287 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 589,390 |
| 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 | 59,026 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 257,639 |
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