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PUGET SOUND COOPERATIVE CREDIT UNION

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.


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: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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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