Dec, 31, 2021 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in BELLEVUE, WA with 4 branch locations and about $186.12 million in total assets. Opened 86 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 16,704 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 |
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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: | 16,704 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68204 |
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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: | $186,115,326 |
CEO/Manager: | Kevin D Ellisen |
Chairperson: | John Staczek |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,151,170 |
TOTAL INVESTMENTS | 27,904,519 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,959,750 |
Unsecured Loans | 2,832,800 |
Other Loans | 126,600,475 |
TOTAL LOANS | 142,393,025 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,095 |
Land And Building | 2,045,313 |
Other Fixed Assets | 445,622 |
NCUSIF Deposit | 1,486,025 |
All Other Assets | 771,747 |
TOTAL ASSETS | 186,115,326 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 9,367,440 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 30,822,514 |
Regular shares | 94,829,106 |
All Other Shares & Deposits | 33,586,942 |
TOTAL SHARES & DEPOSITS | 159,238,562 |
TOTAL LIABILITIES | 168,606,002 |
Regular Reserve | 948,958 |
Other Reserves | 1,130,209 |
Undivided Earnings | 15,430,157 |
TOTAL EQUITY | 17,509,324 |
TOTAL LIABILITIES, SHARES, & EQUITY | 186,115,326 |
INCOME & EXPENSE | |
Loan Income | 5,896,274 |
Investment Income | 82,896 |
Other Income | 1,164,316 |
Total Employee Compensation & Benefits | 2,777,721 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,548,836 |
Non-operating Income & (Expense) | 204,423 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -94,000 |
Cost of Funds | 734,299 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,768,479 |
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