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SPOKANE MEDIA FEDERAL CREDIT UNION

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
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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