Dec, 31, 2023 — SUNWEST FEDERAL CREDIT UNION is a federal credit union headquartered in PHOENIX, AZ with 9 branch locations and about $556.64 million in total assets. Opened 87 years ago in 1937, SUNWEST FEDERAL CREDIT UNION has about 53,840 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUNWEST FEDERAL CREDIT UNION |
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Address: (Main Office) | 11839 N 28th Dr PHOENIX, AZ 85029-3313 |
Phone: | (602) 866-1100 |
Fax: | (602) 866-1126 |
Website: | https://www.mysunwest.com |
Branches: | 9 branch locations |
Members: | 53,840 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2226 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $556,644,470 |
CEO/Manager: | Walter J Synowiecki |
Chairperson: | Frances Barrey |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,838,427 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 92,076,153 |
Unsecured Loans | 32,093,989 |
Other Loans | 225,949,922 |
TOTAL LOANS | 350,120,064 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,502,718 |
Land And Building | 15,633,327 |
Other Fixed Assets | 1,036,078 |
NCUSIF Deposit | 4,835,151 |
All Other Assets | 450,747 |
TOTAL ASSETS | 556,644,470 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 20,000,000 |
Accounts Payable & Other Liabilities | 8,557,934 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 98,886,346 |
Regular shares | 162,826,556 |
All Other Shares & Deposits | 216,808,013 |
TOTAL SHARES & DEPOSITS | 478,520,917 |
TOTAL LIABILITIES | 507,078,851 |
Regular Reserve | 0 |
Other Reserves | -7,277,453 |
Undivided Earnings | 56,843,072 |
TOTAL EQUITY | 49,565,619 |
TOTAL LIABILITIES, SHARES, & EQUITY | 556,644,470 |
INCOME & EXPENSE | |
Loan Income | 18,699,187 |
Investment Income | 2,217,985 |
Other Income | 2,662,047 |
Total Employee Compensation & Benefits | 11,156,202 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 10,278,657 |
Non-operating Income & (Expense) | 1,417,477 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,619,523 |
Cost of Funds | 5,846,026 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 69,634 |
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