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SOUTHWEST FINANCIAL FEDERAL CREDIT UNION

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.


ABA Routing Number: 311079827
Name:SOUTHWEST FINANCIAL FEDERAL CREDIT UNION
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
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

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 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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