Dec, 31, 2021 — SOUTHWEST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in FARMERS BRANCH, TX with 1 branch location and about $74.34 million in total assets. Opened 60 years ago in 1962, SOUTHWEST FINANCIAL FEDERAL CREDIT UNION has about 9,625 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.
Name: | SOUTHWEST FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1750 Valley View Ln Ste 110 FARMERS BRANCH, TX 75234-9024 |
Phone: | (214) 630-7111 |
Fax: | (214) 630-7119 |
Website: | http://swfinancial.org |
Branches: | 1 branch locations |
Members: | 9,625 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15327 |
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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: | $74,340,280 |
CEO/Manager: | Melanie Kennedy |
Chairperson: | Jim White |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,917,005 |
TOTAL INVESTMENTS | 11,144,510 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,845,573 |
Unsecured Loans | 11,548,388 |
Other Loans | 39,153,957 |
TOTAL LOANS | 58,547,918 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,144,072 |
Land And Building | 0 |
Other Fixed Assets | 539,405 |
NCUSIF Deposit | 605,538 |
All Other Assets | 3,729,976 |
TOTAL ASSETS | 74,340,280 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,622 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,106,471 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,458,396 |
Regular shares | 32,288,255 |
All Other Shares & Deposits | 17,015,598 |
TOTAL SHARES & DEPOSITS | 60,762,249 |
TOTAL LIABILITIES | 61,879,342 |
Regular Reserve | 6,091,480 |
Other Reserves | 1,288,402 |
Undivided Earnings | 5,081,056 |
TOTAL EQUITY | 12,460,938 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,340,280 |
INCOME & EXPENSE | |
Loan Income | 4,397,884 |
Investment Income | 138,832 |
Other Income | 1,121,786 |
Total Employee Compensation & Benefits | 2,186,433 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,398,186 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 714,357 |
Cost of Funds | 1,091,243 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,114,145 |
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