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.
Name: | SOUTHWEST OKLAHOMA FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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