Dec, 31, 2023 — SOUTHWEST FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in FARMERS BRANCH, TX with 1 branch location and about $82.56 million in total assets. Opened 62 years ago in 1962, SOUTHWEST FINANCIAL FEDERAL CREDIT UNION has about 8,810 members and employs 29 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 |
|---|---|
| Address: (Main Office) | 1750 Valley View Ln Ste 110 FARMERS BRANCH, TX 75234-9024 |
| Phone: | (214) 630-7111 |
| Fax: | (214) 630-7119 |
| Website: | https://swfinancial.org |
| Branches: | 1 branch locations |
| Members: | 8,810 |
| 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: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $82,562,538 |
| CEO/Manager: | Melanie Kennedy |
| Chairperson: | Ryan Mesh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,588,030 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,564,244 |
| Unsecured Loans | 15,022,009 |
| Other Loans | 41,280,392 |
| TOTAL LOANS | 69,866,644 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,344,121 |
| Land And Building | 0 |
| Other Fixed Assets | 1,079,886 |
| NCUSIF Deposit | 636,637 |
| All Other Assets | 0 |
| TOTAL ASSETS | 82,562,538 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 110,634 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,172,288 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,913,803 |
| Regular shares | 30,452,242 |
| All Other Shares & Deposits | 25,962,464 |
| TOTAL SHARES & DEPOSITS | 68,328,508 |
| TOTAL LIABILITIES | 69,611,430 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,951,108 |
| TOTAL EQUITY | 12,951,108 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,562,538 |
| INCOME & EXPENSE | |
| Loan Income | 5,126,274 |
| Investment Income | 285,015 |
| Other Income | 1,214,880 |
| Total Employee Compensation & Benefits | 2,687,727 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,781,651 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 990,227 |
| Cost of Funds | 1,550,274 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,234 |
| ↑ Back to Top | |