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SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION

Mar, 31, 2021 — SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION is a federal credit union headquartered in LAWTON, OK with 2 branch locations and about $113.14 million in total assets. Opened 63 years ago in 1958, SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION has about 5,575 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 303184924
Name:SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION
Address:
(Main Office)
1806 NW LIBERTY AVE
LAWTON, OK 73507
Phone:(580) 353-0490
Fax:(580) 353-5068
Website:http://www.swofcu.com
Branches:2 branch locations
Members:5,575
Credit Union Type:Federal Credit Union
Charter Number:12271
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1958
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$113,139,035
CEO/Manager:Emmett Meraz
Chairperson:Kelly McClure

Call Report

  • Commercial Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,125,506
TOTAL INVESTMENTS 18,059,351
Loans Held for Sale 0
 
 Real Estate Loans 20,885,692
 Unsecured Loans 11,038,866
 Other Loans 31,836,397
 TOTAL LOANS 63,760,955
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -293,713
 Land And Building 1,335,842
 Other Fixed Assets 145,928
 NCUSIF Deposit 852,936
 All Other Assets 1,152,230
  TOTAL ASSETS 113,139,035
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 682,415
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,526,976
 Regular shares 58,462,585
 All Other Shares & Deposits 16,070,276
  TOTAL SHARES & DEPOSITS 98,059,837
  TOTAL LIABILITIES 98,742,252
 Regular Reserve 1,647,536
 Other Reserves 681,193
 Undivided Earnings 12,068,054
  TOTAL EQUITY 14,396,783
  TOTAL LIABILITIES, SHARES, & EQUITY 113,139,035
INCOME & EXPENSE  
 Loan Income 826,665
 Investment Income 48,304
 Other Income 63,199
 Total Employee Compensation & Benefits 312,068
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 510,850
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 36,236
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 189,414
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