Dec, 31, 2023 — SELCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, OR with 15 branch locations and about $2.73 billion in total assets. Opened 88 years ago in 1936, SELCO COMMUNITY CREDIT UNION has about 151,505 members and employs 463 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SELCO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 International Way SPRINGFIELD, OR 97477 |
| Phone: | (541) 686-8000 |
| Fax: | (541) 341-1804 |
| Website: | https://www.selco.org |
| Branches: | 15 branch locations |
| Members: | 151,505 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63196 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,726,835,264 |
| CEO/Manager: | Bob Newcomb |
| Chairperson: | Carol Beckley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 300,933,472 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 853,703,763 |
| Unsecured Loans | 48,399,094 |
| Other Loans | 981,502,930 |
| TOTAL LOANS | 1,883,766,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,079,695 |
| Land And Building | 38,925,373 |
| Other Fixed Assets | 3,880,977 |
| NCUSIF Deposit | 23,290,088 |
| All Other Assets | 659,843 |
| TOTAL ASSETS | 2,726,835,264 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 29,936,723 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 462,151,920 |
| Regular shares | 529,480,759 |
| All Other Shares & Deposits | 1,450,630,736 |
| TOTAL SHARES & DEPOSITS | 2,442,263,415 |
| TOTAL LIABILITIES | 2,472,692,703 |
| Regular Reserve | 0 |
| Other Reserves | -43,547,518 |
| Undivided Earnings | 297,690,079 |
| TOTAL EQUITY | 254,142,561 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,726,835,264 |
| INCOME & EXPENSE | |
| Loan Income | 84,135,858 |
| Investment Income | 25,589,516 |
| Other Income | 13,978,666 |
| Total Employee Compensation & Benefits | 51,037,439 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,512,157 |
| Non-operating Income & (Expense) | 2,135,982 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,191,650 |
| Cost of Funds | 39,865,595 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,377,387 |
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