Dec, 31, 2020 — SEA WEST COAST GUARD FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 2 branch locations and about $408.11 million in total assets. Opened 62 years ago in 1959, SEA WEST COAST GUARD FEDERAL CREDIT UNION has about 11,773 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SEA WEST COAST GUARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P. O. BOX 4949 OAKLAND, CA 94605 |
| Phone: | (510) 568-4100 |
| Fax: | (510) 430-0165 |
| Website: | http://www.seawest.coop |
| Branches: | 2 branch locations |
| Members: | 11,773 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12814 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $408,106,524 |
| CEO/Manager: | Tom Doherty |
| Chairperson: | Jerry Doherty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 58,108,280 |
| TOTAL INVESTMENTS | 172,382,972 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 132,669,715 |
| Unsecured Loans | 8,586,993 |
| Other Loans | 31,651,549 |
| TOTAL LOANS | 172,908,257 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -558,024 |
| Land And Building | 543,876 |
| Other Fixed Assets | 457,552 |
| NCUSIF Deposit | 2,621,340 |
| All Other Assets | 1,642,271 |
| TOTAL ASSETS | 408,106,524 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,372,763 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,619,689 |
| Regular shares | 159,866,599 |
| All Other Shares & Deposits | 123,600,624 |
| TOTAL SHARES & DEPOSITS | 331,086,912 |
| TOTAL LIABILITIES | 332,459,675 |
| Regular Reserve | 3,941,195 |
| Other Reserves | 2,091,493 |
| Undivided Earnings | 69,614,161 |
| TOTAL EQUITY | 75,646,849 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 408,106,524 |
| INCOME & EXPENSE | |
| Loan Income | 6,504,571 |
| Investment Income | 3,651,722 |
| Other Income | 856,642 |
| Total Employee Compensation & Benefits | 4,424,364 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,646,959 |
| Non-operating Income & (Expense) | 51,979 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,563,805 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 429,786 |
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