Dec, 31, 2023 — SOUTHWEST 66 CREDIT UNION is a federally insured state chartered credit union headquartered in ODESSA, TX with 3 branch locations and about $103.07 million in total assets. Opened 75 years ago in 1949, SOUTHWEST 66 CREDIT UNION has about 9,015 members and employs 39 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHWEST 66 CREDIT UNION |
|---|---|
| Address: (Main Office) | 4041 E 52nd St ODESSA, TX 79762 |
| Phone: | (432) 363-6600 |
| Fax: | (432) 367-0611 |
| Website: | https://www.southwest66.com |
| Branches: | 3 branch locations |
| Members: | 9,015 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67550 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $103,066,371 |
| CEO/Manager: | Elizabeth Newman |
| Chairperson: | Kriston R Crow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,126,108 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 27,239,864 |
| Unsecured Loans | 2,370,443 |
| Other Loans | 42,876,446 |
| TOTAL LOANS | 72,486,753 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -409,811 |
| Land And Building | 2,491,833 |
| Other Fixed Assets | 279,538 |
| NCUSIF Deposit | 867,939 |
| All Other Assets | 55,695 |
| TOTAL ASSETS | 103,066,371 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 78,642 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,055,262 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,912,413 |
| Regular shares | 32,672,251 |
| All Other Shares & Deposits | 38,079,734 |
| TOTAL SHARES & DEPOSITS | 90,664,398 |
| TOTAL LIABILITIES | 92,798,338 |
| Regular Reserve | 0 |
| Other Reserves | -1,124,721 |
| Undivided Earnings | 11,392,754 |
| TOTAL EQUITY | 10,268,033 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,066,371 |
| INCOME & EXPENSE | |
| Loan Income | 3,818,388 |
| Investment Income | 713,313 |
| Other Income | 1,512,196 |
| Total Employee Compensation & Benefits | 2,573,680 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,296,363 |
| Non-operating Income & (Expense) | 30,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 287,940 |
| Cost of Funds | 681,910 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 354,968 |
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