Dec, 31, 2021 — SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 2 branch locations and about $88.02 million in total assets. Opened 66 years ago in 1956, SOUTHWEST RESEARCH CENTER FEDERAL CREDIT UNION has about 4,927 members and employs 15 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: | 4,927 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $88,019,579 |
CEO/Manager: | Alice G Viera |
Chairperson: | Jorge Lopez |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,325,375 |
TOTAL INVESTMENTS | 41,846,213 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,730,453 |
Unsecured Loans | 6,109,283 |
Other Loans | 17,393,388 |
TOTAL LOANS | 34,233,124 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,977 |
Land And Building | 1,088,379 |
Other Fixed Assets | 107,677 |
NCUSIF Deposit | 782,861 |
All Other Assets | 2,787,927 |
TOTAL ASSETS | 88,019,579 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 562,737 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,751,756 |
Regular shares | 44,910,223 |
All Other Shares & Deposits | 17,842,395 |
TOTAL SHARES & DEPOSITS | 80,504,374 |
TOTAL LIABILITIES | 81,067,111 |
Regular Reserve | 1,176,230 |
Other Reserves | -236,006 |
Undivided Earnings | 6,012,244 |
TOTAL EQUITY | 6,952,468 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,019,579 |
INCOME & EXPENSE | |
Loan Income | 1,350,028 |
Investment Income | 571,120 |
Other Income | 261,771 |
Total Employee Compensation & Benefits | 1,005,615 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,170,912 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,500 |
Cost of Funds | 116,032 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 314,886 |
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