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SOUTHWEST FINANCIAL FEDERAL CREDIT UNION

Mar, 31, 2021 — SOUTHWEST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in Dallas, TX with 1 branch location and about $76.12 million in total assets. Opened 59 years ago in 1962, SOUTHWEST FINANCIAL FEDERAL CREDIT UNION has about 10,014 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)
7610 N Stemmons Fwy Ste 110
Dallas, TX 75247
Phone:(214) 630-7111
Fax:(214) 630-7119
Website:http://swfinancial.org
Branches:1 branch locations
Members:10,014
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:$76,119,668
CEO/Manager:Melanie Kennedy
Chairperson:Jim White

Call Report

  • Credit Builder
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,042,830
TOTAL INVESTMENTS 8,651,510
Loans Held for Sale 0
 
 Real Estate Loans 4,484,591
 Unsecured Loans 10,381,588
 Other Loans 39,700,861
 TOTAL LOANS 54,567,040
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,201,864
 Land And Building 0
 Other Fixed Assets 543,215
 NCUSIF Deposit 613,871
 All Other Assets 1,903,066
  TOTAL ASSETS 76,119,668
LIABILITIES & CAPITAL:  
 Dividends Payable 13,112
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,333,570
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,249,413
 Regular shares 32,217,098
 All Other Shares & Deposits 17,659,053
  TOTAL SHARES & DEPOSITS 63,125,564
  TOTAL LIABILITIES 64,472,246
 Regular Reserve 6,091,480
 Other Reserves 1,288,402
 Undivided Earnings 4,267,540
  TOTAL EQUITY 11,647,422
  TOTAL LIABILITIES, SHARES, & EQUITY 76,119,668
INCOME & EXPENSE  
 Loan Income 1,083,368
 Investment Income 20,531
 Other Income 220,797
 Total Employee Compensation & Benefits 548,485
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 621,679
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 136,692
 Cost of Funds 59,948
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 300,630
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