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National Credit Union Service Organization

SALAL CREDIT UNION

Mar, 31, 2022 — SALAL CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 4 branch locations and about $1.10 billion in total assets. Opened 74 years ago in 1948, SALAL CREDIT UNION has about 51,121 members and employs 263 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:4 branch locations
Members:51,121
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,095,934,076
CEO/Manager:Russell E Rosendal
Chairperson:Brian Luong

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 104,418,199
TOTAL INVESTMENTS 0
Loans Held for Sale 155,500
 
 Real Estate Loans 463,738,368
 Unsecured Loans 36,436,268
 Other Loans 274,164,877
 TOTAL LOANS 774,339,513
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,136,885
 Land And Building 24,614,471
 Other Fixed Assets 7,052,971
 NCUSIF Deposit 5,267,425
 All Other Assets 0
  TOTAL ASSETS 1,095,934,076
LIABILITIES & CAPITAL:  
 Dividends Payable 13
 Notes & Interest Payable 13,936,049
 Accounts Payable & Other Liabilities 35,349,078
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 564,707,417
 Regular shares 170,274,510
 All Other Shares & Deposits 229,735,349
  TOTAL SHARES & DEPOSITS 964,717,276
  TOTAL LIABILITIES 1,014,002,416
 Regular Reserve 0
 Other Reserves -6,485,882
 Undivided Earnings 88,417,542
  TOTAL EQUITY 81,931,660
  TOTAL LIABILITIES, SHARES, & EQUITY 1,095,934,076
INCOME & EXPENSE  
 Loan Income 8,046,405
 Investment Income 474,168
 Other Income 2,546,055
 Total Employee Compensation & Benefits 7,236,950
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,384,984
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 764,376
 Cost of Funds 233,541
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,432,292
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