Mar, 31, 2022 — SWEETWATER FEDERAL CREDIT UNION is a federal credit union headquartered in ROCK SPRINGS, WY with 1 branch location and about $22.44 million in total assets. Opened 62 years ago in 1960, SWEETWATER FEDERAL CREDIT UNION has about 1,529 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SWEETWATER FEDERAL CREDIT UNION |
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Address: (Main Office) | 2611 FOOTHILL BLVD ROCK SPRINGS, WY 82901 |
Phone: | (307) 382-2227 |
Fax: | (307) 382-8674 |
Website: | http://www.sweetwaterfcu.coop |
Branches: | 1 branch locations |
Members: | 1,529 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13600 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,439,655 |
CEO/Manager: | CANDISE TAYLOR |
Chairperson: | MICHAEL LOWELL |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,917,567 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,072,029 |
Unsecured Loans | 342,426 |
Other Loans | 4,405,731 |
TOTAL LOANS | 6,820,186 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,958 |
Land And Building | 1,379,656 |
Other Fixed Assets | 98,325 |
NCUSIF Deposit | 192,932 |
All Other Assets | 0 |
TOTAL ASSETS | 22,439,655 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 20,728 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,369,808 |
Regular shares | 15,346,123 |
All Other Shares & Deposits | 1,764,996 |
TOTAL SHARES & DEPOSITS | 20,480,927 |
TOTAL LIABILITIES | 20,501,655 |
Regular Reserve | 0 |
Other Reserves | 517,827 |
Undivided Earnings | 1,420,173 |
TOTAL EQUITY | 1,938,000 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,439,655 |
INCOME & EXPENSE | |
Loan Income | 69,567 |
Investment Income | 54,329 |
Other Income | 17,126 |
Total Employee Compensation & Benefits | 70,230 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 118,828 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,283 |
Cost of Funds | 6,674 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -48,754 |
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