Dec, 31, 2021 — SALAL CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 5 branch locations and about $1.08 billion in total assets. Opened 74 years ago in 1948, SALAL CREDIT UNION has about 48,862 members and employs 254 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SALAL CREDIT UNION |
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Address: (Main Office) | 9706 4th Ave NE Ste 400 SEATTLE, WA 98115-2199 |
Phone: | (206) 298-9394 |
Fax: | (206) 299-6000 |
Website: | http://www.salalcu.org |
Branches: | 5 branch locations |
Members: | 48,862 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66349 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,076,834,959 |
CEO/Manager: | Russell E Rosendal |
Chairperson: | Annette Murphy |
ASSETS: | $ Amount |
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Cash & Equivalents | 152,096,048 |
TOTAL INVESTMENTS | 168,287,227 |
Loans Held for Sale | 0 |
Real Estate Loans | 410,563,971 |
Unsecured Loans | 36,253,632 |
Other Loans | 264,863,521 |
TOTAL LOANS | 711,681,124 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,511,171 |
Land And Building | 24,815,529 |
Other Fixed Assets | 7,576,906 |
NCUSIF Deposit | 5,267,425 |
All Other Assets | 16,621,871 |
TOTAL ASSETS | 1,076,834,959 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 92 |
Notes & Interest Payable | 14,033,803 |
Accounts Payable & Other Liabilities | 27,483,504 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 563,235,096 |
Regular shares | 167,260,719 |
All Other Shares & Deposits | 218,904,264 |
TOTAL SHARES & DEPOSITS | 949,400,079 |
TOTAL LIABILITIES | 990,917,478 |
Regular Reserve | 4,299,854 |
Other Reserves | -1,067,769 |
Undivided Earnings | 82,685,396 |
TOTAL EQUITY | 85,917,481 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,076,834,959 |
INCOME & EXPENSE | |
Loan Income | 29,724,365 |
Investment Income | 1,585,976 |
Other Income | 10,363,113 |
Total Employee Compensation & Benefits | 25,502,761 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 20,782,804 |
Non-operating Income & (Expense) | -5 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 273,745 |
Cost of Funds | 1,220,646 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,205,780 |
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