Dec, 31, 2020 — SMW 104 FEDERAL CREDIT UNION is a federal credit union headquartered in SAN LEANDRO, CA with 1 branch location and about $109.59 million in total assets. Opened 59 years ago in 1962, SMW 104 FEDERAL CREDIT UNION has about 10,302 members and employs 10 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) | P.O. BOX 2278 SAN LEANDRO, CA 94577 |
| Phone: | (510) 483-1300 |
| Fax: | (510) 483-2809 |
| Website: | http://www.smw104fcu.org |
| Branches: | 1 branch locations |
| Members: | 10,302 |
| 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: | Nov 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $109,587,145 |
| CEO/Manager: | Sherry Javad |
| Chairperson: | Kevin Van Buskirk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,960,772 |
| TOTAL INVESTMENTS | 66,845,095 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 5,943,593 |
| Other Loans | 22,583,503 |
| TOTAL LOANS | 30,481,119 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,039 |
| Land And Building | 1,717 |
| Other Fixed Assets | 15,783 |
| NCUSIF Deposit | 901,108 |
| All Other Assets | 454,590 |
| TOTAL ASSETS | 109,587,145 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 413,769 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,992,293 |
| Regular shares | 55,545,902 |
| All Other Shares & Deposits | 36,736,587 |
| TOTAL SHARES & DEPOSITS | 100,274,782 |
| TOTAL LIABILITIES | 100,688,551 |
| Regular Reserve | 919,372 |
| Other Reserves | 0 |
| Undivided Earnings | 7,979,222 |
| TOTAL EQUITY | 8,898,594 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,587,145 |
| INCOME & EXPENSE | |
| Loan Income | 1,360,804 |
| Investment Income | 1,414,202 |
| Other Income | 361,610 |
| Total Employee Compensation & Benefits | 1,246,339 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,193,417 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,586 |
| Cost of Funds | 382,974 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 274,300 |
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