Dec, 31, 2023 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in BELLEVUE, WA with 4 branch locations and about $255.75 million in total assets. Opened 88 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 18,199 members and employs 32 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: | https://www.psccu.org |
| Branches: | 4 branch locations |
| Members: | 18,199 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $255,745,169 |
| CEO/Manager: | Shannon Ellis-Brock |
| Chairperson: | Marc Stepper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,213,919 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,110,475 |
| Unsecured Loans | 3,119,763 |
| Other Loans | 219,635,123 |
| TOTAL LOANS | 240,865,361 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,168 |
| Land And Building | 1,986,844 |
| Other Fixed Assets | 466,024 |
| NCUSIF Deposit | 1,957,950 |
| All Other Assets | 0 |
| TOTAL ASSETS | 255,745,169 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,181,993 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,939,293 |
| Regular shares | 76,438,621 |
| All Other Shares & Deposits | 119,366,804 |
| TOTAL SHARES & DEPOSITS | 225,744,718 |
| TOTAL LIABILITIES | 235,927,279 |
| Regular Reserve | 0 |
| Other Reserves | 1,129,619 |
| Undivided Earnings | 18,688,271 |
| TOTAL EQUITY | 19,817,890 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 255,745,169 |
| INCOME & EXPENSE | |
| Loan Income | 9,794,835 |
| Investment Income | 151,373 |
| Other Income | 1,396,131 |
| Total Employee Compensation & Benefits | 3,161,196 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,365,512 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 226,783 |
| Cost of Funds | 4,302,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 647,248 |
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