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PUGET SOUND COOPERATIVE CREDIT UNION

Sep, 30, 2022 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in BELLEVUE, WA with 4 branch locations and about $202.58 million in total assets. Opened 87 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 17,699 members and employs 34 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: 325183259
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:17,699
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:$202,578,052
CEO/Manager:Shannon M Ellis-Brock
Chairperson:John Staczek

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,938,643
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 16,026,686
 Unsecured Loans 2,897,656
 Other Loans 153,009,040
 TOTAL LOANS 171,933,382
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -34,015
 Land And Building 2,016,836
 Other Fixed Assets 459,729
 NCUSIF Deposit 1,460,564
 All Other Assets 0
  TOTAL ASSETS 202,578,052
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,249,104
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 32,581,719
 Regular shares 92,873,719
 All Other Shares & Deposits 48,705,847
  TOTAL SHARES & DEPOSITS 174,161,285
  TOTAL LIABILITIES 184,410,389
 Regular Reserve 0
 Other Reserves 468,469
 Undivided Earnings 17,699,194
  TOTAL EQUITY 18,167,663
  TOTAL LIABILITIES, SHARES, & EQUITY 202,578,052
INCOME & EXPENSE  
 Loan Income 4,767,026
 Investment Income 92,122
 Other Income 1,273,339
 Total Employee Compensation & Benefits 2,281,873
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,344,523
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -49,100
 Cost of Funds 516,385
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,320,079
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