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National Credit Union Service Organization

SALAL CREDIT UNION

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.


ABA Routing Number: 325081610
Name:SALAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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