Dec, 31, 2020 — SWEETWATER FEDERAL CREDIT UNION is a federal credit union headquartered in ROCK SPRINGS, WY with 1 branch location and about $21.58 million in total assets. Opened 61 years ago in 1960, SWEETWATER FEDERAL CREDIT UNION has about 1,551 members and employs 6 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 |
|---|---|
| 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: | 1,551 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13600 |
|---|---|
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,583,276 |
| CEO/Manager: | CANDISE TAYLOR |
| Chairperson: | MICHAEL LOWELL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,108,354 |
| TOTAL INVESTMENTS | 9,037,170 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,951,543 |
| Unsecured Loans | 359,499 |
| Other Loans | 3,434,436 |
| TOTAL LOANS | 5,745,478 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,234 |
| Land And Building | 1,423,878 |
| Other Fixed Assets | 72,506 |
| NCUSIF Deposit | 178,494 |
| All Other Assets | 73,630 |
| TOTAL ASSETS | 21,583,276 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,150 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,420,424 |
| Regular shares | 14,257,394 |
| All Other Shares & Deposits | 1,750,725 |
| TOTAL SHARES & DEPOSITS | 19,428,543 |
| TOTAL LIABILITIES | 19,447,693 |
| Regular Reserve | 1,617,756 |
| Other Reserves | 0 |
| Undivided Earnings | 517,827 |
| TOTAL EQUITY | 2,135,583 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,583,276 |
| INCOME & EXPENSE | |
| Loan Income | 329,307 |
| Investment Income | 214,066 |
| Other Income | 94,047 |
| Total Employee Compensation & Benefits | 280,104 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 329,125 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 98,965 |
| Cost of Funds | 25,194 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -95,968 |
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