Dec, 31, 2020 — SWEETWATER REGIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in Sweetwater, TX with 1 branch location and about $8.38 million in total assets. Opened 65 years ago in 1956, SWEETWATER REGIONAL FEDERAL CREDIT UNION has about 1,361 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 |
|---|---|
| Address: (Main Office) | PO Box 218 Sweetwater, TX 79556 |
| Phone: | (325) 235-4319 |
| Fax: | (325) 235-9361 |
| Website: | http://www.sweetwatercredit.com |
| Branches: | 1 branch locations |
| Members: | 1,361 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11377 |
|---|---|
| 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: | $8,380,057 |
| CEO/Manager: | Gail Rose |
| Chairperson: | Grant Madden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,021,435 |
| TOTAL INVESTMENTS | 4,057,570 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 180,217 |
| Other Loans | 2,513,906 |
| TOTAL LOANS | 2,694,123 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,497 |
| Land And Building | 465,691 |
| Other Fixed Assets | 26,256 |
| NCUSIF Deposit | 64,161 |
| All Other Assets | 56,318 |
| TOTAL ASSETS | 8,380,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,679 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 482,560 |
| Regular shares | 4,782,200 |
| All Other Shares & Deposits | 1,478,667 |
| TOTAL SHARES & DEPOSITS | 6,743,427 |
| TOTAL LIABILITIES | 6,756,106 |
| Regular Reserve | 588,534 |
| Other Reserves | 0 |
| Undivided Earnings | 1,035,417 |
| TOTAL EQUITY | 1,623,951 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,380,057 |
| INCOME & EXPENSE | |
| Loan Income | 192,908 |
| Investment Income | 78,523 |
| Other Income | 67,025 |
| Total Employee Compensation & Benefits | 167,195 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 205,436 |
| Non-operating Income & (Expense) | 51,262 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,988 |
| Cost of Funds | 25,806 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 269 |
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