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PUGET SOUND COOPERATIVE CREDIT UNION

Jun, 30, 2021 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in Bellevue, WA with 4 branch locations and about $186.54 million in total assets. Opened 85 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 17,205 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)
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:17,205
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:$186,536,783
CEO/Manager:Kevin D Ellisen
Chairperson:John Staczek

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,859,413
TOTAL INVESTMENTS 14,522,745
Loans Held for Sale 0
 
 Real Estate Loans 12,316,795
 Unsecured Loans 2,702,527
 Other Loans 121,516,973
 TOTAL LOANS 136,536,295
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -64,526
 Land And Building 929,975
 Other Fixed Assets 448,863
 NCUSIF Deposit 1,429,169
 All Other Assets 874,849
  TOTAL ASSETS 186,536,783
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,290,240
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,454,309
 Regular shares 93,491,241
 All Other Shares & Deposits 37,699,057
  TOTAL SHARES & DEPOSITS 160,644,607
  TOTAL LIABILITIES 169,934,847
 Regular Reserve 948,958
 Other Reserves 1,245,412
 Undivided Earnings 14,407,566
  TOTAL EQUITY 16,601,936
  TOTAL LIABILITIES, SHARES, & EQUITY 186,536,783
INCOME & EXPENSE  
 Loan Income 2,925,656
 Investment Income 37,850
 Other Income 483,743
 Total Employee Compensation & Benefits 1,342,608
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,193,977
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -35,000
 Cost of Funds 392,909
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 745,887
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