Dec, 31, 2021 — SMW 104 FEDERAL CREDIT UNION is a federal credit union headquartered in SAN LEANDRO, CA with 1 branch location and about $111.01 million in total assets. Opened 60 years ago in 1962, SMW 104 FEDERAL CREDIT UNION has about 10,307 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SMW 104 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1750 Abram Ct SAN LEANDRO, CA 94577-3250 |
| Phone: | (510) 483-1300 |
| Fax: | (510) 483-2809 |
| Website: | http://www.smw104fcu.org |
| Branches: | 1 branch locations |
| Members: | 10,307 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14934 |
|---|---|
| Membership Type: | Associational - Other than religious or fraternal, or 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $111,010,117 |
| CEO/Manager: | Sherry Javad |
| Chairperson: | Kevin Van Buskirk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,823,750 |
| TOTAL INVESTMENTS | 60,043,991 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 7,019,022 |
| Other Loans | 23,621,285 |
| TOTAL LOANS | 32,831,633 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -142,610 |
| Land And Building | 0 |
| Other Fixed Assets | 2,210 |
| NCUSIF Deposit | 977,062 |
| All Other Assets | 474,081 |
| TOTAL ASSETS | 111,010,117 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 124,062 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,829,833 |
| Regular shares | 57,260,101 |
| All Other Shares & Deposits | 36,749,738 |
| TOTAL SHARES & DEPOSITS | 102,839,672 |
| TOTAL LIABILITIES | 102,963,734 |
| Regular Reserve | 0 |
| Other Reserves | -58,873 |
| Undivided Earnings | 8,105,256 |
| TOTAL EQUITY | 8,046,383 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,010,117 |
| INCOME & EXPENSE | |
| Loan Income | 1,359,955 |
| Investment Income | 1,098,037 |
| Other Income | 82,293 |
| Total Employee Compensation & Benefits | 1,023,360 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,346,423 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,951 |
| Cost of Funds | 243,701 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 181,072 |
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