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National Credit Union Service Organization

SOUTHWEST FINANCIAL FEDERAL CREDIT UNION

Jun, 30, 2021 — SOUTHWEST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in Farmers Branch, TX with 1 branch location and about $74.69 million in total assets. Opened 59 years ago in 1962, SOUTHWEST FINANCIAL FEDERAL CREDIT UNION has about 9,902 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311079827
Name:SOUTHWEST FINANCIAL FEDERAL CREDIT UNION
Address:
(Main Office)
1750 Valley View Lane #110
Farmers Branch, TX 75234-9024
Phone:(214) 630-7111
Fax:(214) 630-7119
Website:http://swfinancial.org
Branches:1 branch locations
Members:9,902
Credit Union Type:Federal Credit Union
Charter Number:15327
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1962
Last Audited:Jan 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$74,688,930
CEO/Manager:Melanie Kennedy
Chairperson:Jim White

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,675,344
TOTAL INVESTMENTS 10,646,510
Loans Held for Sale 0
 
 Real Estate Loans 5,251,584
 Unsecured Loans 10,696,562
 Other Loans 39,830,745
 TOTAL LOANS 55,778,891
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,116,302
 Land And Building 0
 Other Fixed Assets 527,702
 NCUSIF Deposit 582,225
 All Other Assets 3,594,560
  TOTAL ASSETS 74,688,930
LIABILITIES & CAPITAL:  
 Dividends Payable 10,772
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,283,493
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,433,651
 Regular shares 32,651,561
 All Other Shares & Deposits 17,076,900
  TOTAL SHARES & DEPOSITS 61,162,112
  TOTAL LIABILITIES 62,456,377
 Regular Reserve 6,091,480
 Other Reserves 1,288,402
 Undivided Earnings 4,852,671
  TOTAL EQUITY 12,232,553
  TOTAL LIABILITIES, SHARES, & EQUITY 74,688,930
INCOME & EXPENSE  
 Loan Income 2,165,681
 Investment Income 38,598
 Other Income 469,537
 Total Employee Compensation & Benefits 1,038,924
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,238,238
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 321,259
 Cost of Funds 96,827
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 885,762
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