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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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