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 |
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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 |
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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 |
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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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