Sep, 30, 2021 — SMW 104 FEDERAL CREDIT UNION is a federal credit union headquartered in SAN LEANDRO, CA with 1 branch location and about $109.88 million in total assets. Opened 59 years ago in 1962, SMW 104 FEDERAL CREDIT UNION has about 10,278 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) | 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: | 10,278 |
| 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: | $109,876,023 |
| CEO/Manager: | Sherry Javad |
| Chairperson: | Kevin Van Buskirk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,974,223 |
| TOTAL INVESTMENTS | 63,369,431 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 6,737,128 |
| Other Loans | 25,073,237 |
| TOTAL LOANS | 34,193,628 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,410 |
| Land And Building | 0 |
| Other Fixed Assets | 3,847 |
| NCUSIF Deposit | 966,348 |
| All Other Assets | 500,956 |
| TOTAL ASSETS | 109,876,023 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 117,755 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,901,848 |
| Regular shares | 57,070,166 |
| All Other Shares & Deposits | 36,774,246 |
| TOTAL SHARES & DEPOSITS | 101,746,260 |
| TOTAL LIABILITIES | 101,864,015 |
| Regular Reserve | 0 |
| Other Reserves | 6,357 |
| Undivided Earnings | 8,005,651 |
| TOTAL EQUITY | 8,012,008 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,876,023 |
| INCOME & EXPENSE | |
| Loan Income | 1,003,164 |
| Investment Income | 858,385 |
| Other Income | 58,941 |
| Total Employee Compensation & Benefits | 784,118 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,010,766 |
| 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 | 203,415 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 81,466 |
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