Mar, 31, 2022 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in BELLEVUE, WA with 4 branch locations and about $187.27 million in total assets. Opened 86 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 16,656 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PUGET SOUND COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 11201 SE 8th St BELLEVUE, WA 98004-6420 |
| Phone: | (425) 283-5151 |
| Fax: | (425) 283-5152 |
| Website: | http://www.psccu.org |
| Branches: | 4 branch locations |
| Members: | 16,656 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68204 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $187,273,165 |
| CEO/Manager: | Shannon M Ellis-Brock |
| Chairperson: | John Staczek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,972,532 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,404,155 |
| Unsecured Loans | 2,670,849 |
| Other Loans | 128,138,262 |
| TOTAL LOANS | 145,213,266 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,739 |
| Land And Building | 2,035,820 |
| Other Fixed Assets | 434,285 |
| NCUSIF Deposit | 1,486,025 |
| All Other Assets | 0 |
| TOTAL ASSETS | 187,273,165 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,182,826 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,171,311 |
| Regular shares | 97,290,970 |
| All Other Shares & Deposits | 32,175,881 |
| TOTAL SHARES & DEPOSITS | 160,638,162 |
| TOTAL LIABILITIES | 169,820,988 |
| Regular Reserve | 0 |
| Other Reserves | 731,319 |
| Undivided Earnings | 16,720,858 |
| TOTAL EQUITY | 17,452,177 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 187,273,165 |
| INCOME & EXPENSE | |
| Loan Income | 1,497,870 |
| Investment Income | 28,266 |
| Other Income | 329,565 |
| Total Employee Compensation & Benefits | 790,653 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 719,711 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -54,100 |
| Cost of Funds | 146,849 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 341,741 |
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