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SOUTHWEST AIRLINES FEDERAL CREDIT UNION

Mar, 31, 2021 — SOUTHWEST AIRLINES FEDERAL CREDIT UNION is a federal credit union headquartered in Dallas, TX with 4 branch locations and about $784.12 million in total assets. Opened 46 years ago in 1975, SOUTHWEST AIRLINES FEDERAL CREDIT UNION has about 57,756 members and employs 106 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 AIRLINES FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 35708
Dallas, TX 75235
Phone:(214) 357-5577
Fax:(214) 956-3991
Website:http://www.swacu.org
Branches:4 branch locations
Members:57,756
Credit Union Type:Federal Credit Union
Charter Number:22157
Membership Type:Multiple common bond - Primarily transportation
Corporate Credit Union:No
Year Opened:1975
Last Audited:Jul 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$784,119,734
CEO/Manager:Cynde Jones
Chairperson:Scott Johnson

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 156,467,331
TOTAL INVESTMENTS 135,529,873
Loans Held for Sale 0
 
 Real Estate Loans 184,512,456
 Unsecured Loans 75,674,962
 Other Loans 186,876,712
 TOTAL LOANS 447,064,130
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,815,296
 Land And Building 8,349,521
 Other Fixed Assets 1,597,019
 NCUSIF Deposit 5,694,885
 All Other Assets 32,232,271
  TOTAL ASSETS 784,119,734
LIABILITIES & CAPITAL:  
 Dividends Payable 679,929
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,034,915
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 167,489,550
 Regular shares 464,033,810
 All Other Shares & Deposits 77,335,375
  TOTAL SHARES & DEPOSITS 708,858,735
  TOTAL LIABILITIES 715,573,579
 Regular Reserve 3,633,705
 Other Reserves -7,603,506
 Undivided Earnings 72,515,956
  TOTAL EQUITY 68,546,155
  TOTAL LIABILITIES, SHARES, & EQUITY 784,119,734
INCOME & EXPENSE  
 Loan Income 5,626,333
 Investment Income 591,911
 Other Income 2,000,061
 Total Employee Compensation & Benefits 2,711,238
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,438,266
 Non-operating Income & (Expense) 2,760
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 464,659
 Cost of Funds 1,671,080
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,323,989
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