Dec, 31, 2023 — SHELL WESTERN STATES FEDERAL CREDIT UNION is a federal credit union headquartered in MARTINEZ, CA with 1 branch location and about $79.24 million in total assets. Opened 77 years ago in 1947, SHELL WESTERN STATES FEDERAL CREDIT UNION has about 2,719 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHELL WESTERN STATES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 Pacheco Blvd MARTINEZ, CA 94553-1976 |
| Phone: | (925) 228-4545 |
| Fax: | (925) 228-0770 |
| Website: | https://www.swsfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,719 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5484 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $79,240,612 |
| CEO/Manager: | Rod Garza |
| Chairperson: | Phyllis Dalo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,969,875 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,351,727 |
| Unsecured Loans | 2,058,830 |
| Other Loans | 17,267,596 |
| TOTAL LOANS | 49,678,153 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -243,876 |
| Land And Building | 538,139 |
| Other Fixed Assets | 395,064 |
| NCUSIF Deposit | 645,104 |
| All Other Assets | 0 |
| TOTAL ASSETS | 79,240,612 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 215,086 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 1,176,797 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,784,724 |
| Regular shares | 41,943,203 |
| All Other Shares & Deposits | 17,206,481 |
| TOTAL SHARES & DEPOSITS | 64,934,408 |
| TOTAL LIABILITIES | 69,326,291 |
| Regular Reserve | 0 |
| Other Reserves | 1,100,462 |
| Undivided Earnings | 8,813,859 |
| TOTAL EQUITY | 9,914,321 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 79,240,612 |
| INCOME & EXPENSE | |
| Loan Income | 2,363,698 |
| Investment Income | 873,878 |
| Other Income | 103,479 |
| Total Employee Compensation & Benefits | 1,746,965 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,124,345 |
| Non-operating Income & (Expense) | 60,681 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 169,808 |
| Cost of Funds | 465,173 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -44,840 |
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