Jun, 30, 2024 — SM FEDERAL CREDIT UNION (SMFCU) is a federal credit union headquartered in MISSION, KS with 2 branch locations and about $78.53 million in total assets. Opened 65 years ago in 1960, SM FEDERAL CREDIT UNION (SMFCU) has about 2,434 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SM FEDERAL CREDIT UNION |
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Address: (Main Office) | 6029 BROADMOOR St MISSION, KS 66202-9995 |
Phone: | (913) 831-4555 |
Fax: | (913) 831-0495 |
Website: | https://www.smfederal.org |
Branches: | 2 branch locations |
Members: | 2,434 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13941 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $78,530,352 |
CEO/Manager: | LISA M WALL |
Chairperson: | Jerry Fennesy |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,606,579 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 46,516,493 |
Unsecured Loans | 70,719 |
Other Loans | 3,738,334 |
TOTAL LOANS | 50,325,546 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -74,062 |
Land And Building | 0 |
Other Fixed Assets | 170 |
NCUSIF Deposit | 660,382 |
All Other Assets | 0 |
TOTAL ASSETS | 78,530,352 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 52,278 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 283,706 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 52,992 |
Regular shares | 42,659,012 |
All Other Shares & Deposits | 21,559,730 |
TOTAL SHARES & DEPOSITS | 64,271,734 |
TOTAL LIABILITIES | 64,607,718 |
Regular Reserve | 0 |
Other Reserves | 1,433,824 |
Undivided Earnings | 12,488,810 |
TOTAL EQUITY | 13,922,634 |
TOTAL LIABILITIES, SHARES, & EQUITY | 78,530,352 |
INCOME & EXPENSE | |
Loan Income | 951,254 |
Investment Income | 128,396 |
Other Income | 4,152 |
Total Employee Compensation & Benefits | 218,507 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 175,214 |
Non-operating Income & (Expense) | 3,574 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 270,736 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 398,360 |
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