Dec, 31, 2020 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in Bellevue, WA with 4 branch locations and about $176.80 million in total assets. Opened 85 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 16,830 members and employs 31 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) | 600 108th Ave NE Ste 1035 Bellevue, WA 98004-5129 |
| Phone: | (425) 283-5151 |
| Fax: | (425) 283-5152 |
| Website: | http://www.psccu.org |
| Branches: | 4 branch locations |
| Members: | 16,830 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $176,804,845 |
| CEO/Manager: | Kevin D Ellisen |
| Chairperson: | John Staczek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,835,249 |
| TOTAL INVESTMENTS | 13,534,328 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,981,392 |
| Unsecured Loans | 2,926,257 |
| Other Loans | 124,177,265 |
| TOTAL LOANS | 142,084,914 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,876 |
| Land And Building | 942,623 |
| Other Fixed Assets | 324,409 |
| NCUSIF Deposit | 1,425,991 |
| All Other Assets | 762,207 |
| TOTAL ASSETS | 176,804,845 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,400,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,270,752 |
| Regular shares | 86,543,303 |
| All Other Shares & Deposits | 38,730,620 |
| TOTAL SHARES & DEPOSITS | 151,544,675 |
| TOTAL LIABILITIES | 160,945,154 |
| Regular Reserve | 948,958 |
| Other Reserves | 1,249,054 |
| Undivided Earnings | 13,661,679 |
| TOTAL EQUITY | 15,859,691 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 176,804,845 |
| INCOME & EXPENSE | |
| Loan Income | 6,467,327 |
| Investment Income | 222,443 |
| Other Income | 1,353,769 |
| Total Employee Compensation & Benefits | 2,442,422 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,485,857 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,300 |
| Cost of Funds | 1,381,098 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,687,862 |
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