Dec, 31, 2021 — SWEETWATER REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in SWEETWATER, TX with 1 branch location and about $8.20 million in total assets. Opened 66 years ago in 1956, SWEETWATER REGIONAL FEDERAL CREDIT UNION has about 1,202 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SWEETWATER REGIONAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1900 Preston Rd SWEETWATER, TX 79556 |
Phone: | (325) 235-4319 |
Fax: | (325) 235-9361 |
Website: | http://www.sweetwatercredit.com |
Branches: | 1 branch locations |
Members: | 1,202 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11377 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Oct 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,197,232 |
CEO/Manager: | Gail Rose |
Chairperson: | Grant Madden |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,003,192 |
TOTAL INVESTMENTS | 4,157,570 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 218,270 |
Other Loans | 2,243,585 |
TOTAL LOANS | 2,461,855 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,343 |
Land And Building | 453,792 |
Other Fixed Assets | 11,445 |
NCUSIF Deposit | 67,434 |
All Other Assets | 48,287 |
TOTAL ASSETS | 8,197,232 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 30,732 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 452,653 |
Regular shares | 4,617,265 |
All Other Shares & Deposits | 1,485,249 |
TOTAL SHARES & DEPOSITS | 6,555,167 |
TOTAL LIABILITIES | 6,585,899 |
Regular Reserve | 588,534 |
Other Reserves | 0 |
Undivided Earnings | 1,022,799 |
TOTAL EQUITY | 1,611,333 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,197,232 |
INCOME & EXPENSE | |
Loan Income | 155,170 |
Investment Income | 63,731 |
Other Income | 54,756 |
Total Employee Compensation & Benefits | 171,600 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 190,245 |
Non-operating Income & (Expense) | 69,468 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,856 |
Cost of Funds | 26,471 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,621 |
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