Sep, 30, 2025 — SWEMP FEDERAL CREDIT UNION is a federal credit union headquartered in TEXARKANA, TX with 1 branch location and about $12.21 million in total assets. Opened 80 years ago in 1946, SWEMP FEDERAL CREDIT UNION has about 999 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: | SWEMP FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 OLIVE ST TEXARKANA, TX 75501 |
| Phone: | (903) 793-2274 |
| Fax: | (903) 793-0989 |
| Website: | https://www.swempfcu.org |
| Branches: | 1 branch locations |
| Members: | 999 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5325 |
|---|---|
| Membership Type: | Service - Communications and Utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,211,624 |
| CEO/Manager: | Chasity N Kerns |
| Chairperson: | DONALD W WILEY |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,832,302 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 306,360 |
| Other Loans | 9,081,973 |
| TOTAL LOANS | 9,388,333 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,003 |
| Land And Building | 47,732 |
| Other Fixed Assets | 73,245 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 93,001 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,211,624 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,236 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,226,543 |
| All Other Shares & Deposits | 5,495,694 |
| TOTAL SHARES & DEPOSITS | 9,722,237 |
| TOTAL LIABILITIES | 9,735,473 |
| Regular Reserve | 0 |
| Other Reserves | 176,512 |
| Undivided Earnings | 2,299,639 |
| TOTAL EQUITY | 2,476,151 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,211,624 |
| INCOME & EXPENSE | |
| Loan Income | 401,381 |
| Investment Income | 62,869 |
| Other Income | 1,670 |
| Total Employee Compensation & Benefits | 118,786 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 83,168 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,875 |
| Cost of Funds | 165,816 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 100,021 |
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