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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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