Dec, 31, 2023 — SPOKANE MEDIA FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 1 branch location and about $16.50 million in total assets. Opened 86 years ago in 1938, SPOKANE MEDIA FEDERAL CREDIT UNION has about 1,188 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SPOKANE MEDIA FEDERAL CREDIT UNION |
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Address: (Main Office) | 6103 N Astor St SPOKANE, WA 99208-8102 |
Phone: | (509) 777-8962 |
Fax: | (509) 456-4697 |
Website: | https://smfcu.org |
Branches: | 1 branch locations |
Members: | 1,188 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24451 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,500,784 |
CEO/Manager: | Sarah Dahmen |
Chairperson: | Brad Banta |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,105,911 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,020,101 |
Unsecured Loans | 845,874 |
Other Loans | 6,483,505 |
TOTAL LOANS | 11,349,480 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,069 |
Land And Building | 635,701 |
Other Fixed Assets | 6,872 |
NCUSIF Deposit | 148,315 |
All Other Assets | 0 |
TOTAL ASSETS | 16,500,784 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 32,000 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 123,034 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,523,910 |
Regular shares | 8,200,368 |
All Other Shares & Deposits | 3,155,016 |
TOTAL SHARES & DEPOSITS | 14,879,294 |
TOTAL LIABILITIES | 15,034,328 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,466,456 |
TOTAL EQUITY | 1,466,456 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,500,784 |
INCOME & EXPENSE | |
Loan Income | 533,812 |
Investment Income | 154,788 |
Other Income | 56,882 |
Total Employee Compensation & Benefits | 304,059 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 332,557 |
Non-operating Income & (Expense) | -4,029 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,678 |
Cost of Funds | 75,819 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 177,292 |
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