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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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