Dec, 31, 2021 — SEA WEST COAST GUARD FEDERAL CREDIT UNION is a federal credit union headquartered in OAKLAND, CA with 2 branch locations and about $428.96 million in total assets. Opened 63 years ago in 1959, SEA WEST COAST GUARD FEDERAL CREDIT UNION has about 11,595 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) | 8750 Mountain Blvd OAKLAND, CA 94605-4500 |
| Phone: | (510) 568-4100 |
| Fax: | (510) 430-0165 |
| Website: | http://www.seawest.coop |
| Branches: | 2 branch locations |
| Members: | 11,595 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $428,959,863 |
| CEO/Manager: | Tom Doherty |
| Chairperson: | Jerry Doherty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,988,578 |
| TOTAL INVESTMENTS | 182,879,318 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 194,375,112 |
| Unsecured Loans | 7,533,887 |
| Other Loans | 31,299,688 |
| TOTAL LOANS | 233,208,687 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -611,346 |
| Land And Building | 555,247 |
| Other Fixed Assets | 409,205 |
| NCUSIF Deposit | 2,825,783 |
| All Other Assets | 1,704,391 |
| TOTAL ASSETS | 428,959,863 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 891,222 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,544,792 |
| Regular shares | 180,578,581 |
| All Other Shares & Deposits | 119,836,648 |
| TOTAL SHARES & DEPOSITS | 352,960,021 |
| TOTAL LIABILITIES | 353,851,243 |
| Regular Reserve | 3,941,195 |
| Other Reserves | 845,617 |
| Undivided Earnings | 70,321,808 |
| TOTAL EQUITY | 75,108,620 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 428,959,863 |
| INCOME & EXPENSE | |
| Loan Income | 6,638,617 |
| Investment Income | 2,856,970 |
| Other Income | 514,302 |
| Total Employee Compensation & Benefits | 4,514,733 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,498,421 |
| Non-operating Income & (Expense) | 21,226 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 181,000 |
| Cost of Funds | 2,932,373 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 707,649 |
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