Dec, 31, 2023 — SOUTHWEST COUNTIES SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEOSHO, MO with 1 branch location and about $1.80 million in total assets. Opened 31 years ago in 1993, SOUTHWEST COUNTIES SCHOOL EMPLOYEES CREDIT UNION has about 723 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTHWEST COUNTIES SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 214 S NEOSHO BLVD STE B NEOSHO, MO 64850 |
| Phone: | (417) 451-3051 |
| Fax: | |
| Website: | https://www.swcsecu.us |
| Branches: | 1 branch locations |
| Members: | 723 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68047 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1993 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,801,294 |
| CEO/Manager: | Pamela King |
| Chairperson: | TOM MARRS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 132,722 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 144,219 |
| Other Loans | 1,255,926 |
| TOTAL LOANS | 1,400,145 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,069 |
| Land And Building | 0 |
| Other Fixed Assets | 2,461 |
| NCUSIF Deposit | 15,914 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,801,294 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,254 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,186 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,566,907 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,566,907 |
| TOTAL LIABILITIES | 1,576,347 |
| Regular Reserve | 0 |
| Other Reserves | 52,829 |
| Undivided Earnings | 172,118 |
| TOTAL EQUITY | 224,947 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,801,294 |
| INCOME & EXPENSE | |
| Loan Income | 64,680 |
| Investment Income | 10,012 |
| Other Income | 8,967 |
| Total Employee Compensation & Benefits | 25,540 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 27,585 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 91 |
| Cost of Funds | 5,245 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 27,684 |
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