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National Credit Union Service Organization

SALAL CREDIT UNION

Sep, 30, 2022 — SALAL CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 4 branch locations and about $1.26 billion in total assets. Opened 75 years ago in 1948, SALAL CREDIT UNION has about 54,933 members and employs 270 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:https://www.salalcu.org
Branches:4 branch locations
Members:54,933
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:$1,262,110,153
CEO/Manager:Russell E Rosendal
Chairperson:Brian Luong

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 36,264,585
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 614,972,370
 Unsecured Loans 36,500,370
 Other Loans 351,199,362
 TOTAL LOANS 1,002,672,102
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,736,485
 Land And Building 24,245,133
 Other Fixed Assets 6,564,358
 NCUSIF Deposit 5,333,714
 All Other Assets 0
  TOTAL ASSETS 1,262,110,153
LIABILITIES & CAPITAL:  
 Dividends Payable 2,799
 Notes & Interest Payable 185,828,782
 Accounts Payable & Other Liabilities 31,218,979
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 543,096,010
 Regular shares 162,868,758
 All Other Shares & Deposits 260,889,060
  TOTAL SHARES & DEPOSITS 966,853,828
  TOTAL LIABILITIES 1,183,904,388
 Regular Reserve 0
 Other Reserves -15,317,444
 Undivided Earnings 93,523,209
  TOTAL EQUITY 78,205,765
  TOTAL LIABILITIES, SHARES, & EQUITY 1,262,110,153
INCOME & EXPENSE  
 Loan Income 27,892,957
 Investment Income 2,263,086
 Other Income 7,805,681
 Total Employee Compensation & Benefits 21,245,211
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,407,830
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,046,412
 Cost of Funds 2,055,906
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,537,958
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