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PUGET SOUND COOPERATIVE CREDIT UNION

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.


ABA Routing Number: 325183259
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

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
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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