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National Credit Union Service Organization

SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION

Dec, 31, 2020 — SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION is a federal credit union headquartered in LAWTON, OK with 2 branch locations and about $109.03 million in total assets. Opened 63 years ago in 1958, SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION has about 5,614 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:5,614
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:$109,031,842
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 18,281,909
TOTAL INVESTMENTS 20,590,023
Loans Held for Sale 0
 
 Real Estate Loans 21,591,424
 Unsecured Loans 12,088,870
 Other Loans 33,673,924
 TOTAL LOANS 67,354,218
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -319,530
 Land And Building 1,344,576
 Other Fixed Assets 153,708
 NCUSIF Deposit 852,936
 All Other Assets 774,002
  TOTAL ASSETS 109,031,842
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 840,536
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,494,984
 Regular shares 54,826,616
 All Other Shares & Deposits 15,634,302
  TOTAL SHARES & DEPOSITS 93,955,902
  TOTAL LIABILITIES 94,796,438
 Regular Reserve 1,647,536
 Other Reserves 709,228
 Undivided Earnings 11,878,640
  TOTAL EQUITY 14,235,404
  TOTAL LIABILITIES, SHARES, & EQUITY 109,031,842
INCOME & EXPENSE  
 Loan Income 3,462,879
 Investment Income 336,587
 Other Income 959,742
 Total Employee Compensation & Benefits 1,216,942
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,042,404
 Non-operating Income & (Expense) -6,960
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 126,081
 Cost of Funds 194,128
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,172,693
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