Dec, 31, 2022 — PUGET SOUND COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in BELLEVUE, WA with 4 branch locations and about $202.58 million in total assets. Opened 87 years ago in 1936, PUGET SOUND COOPERATIVE CREDIT UNION has about 17,699 members and employs 34 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: | https://www.psccu.org |
| Branches: | 4 branch locations |
| Members: | 17,699 |
| 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: | $202,578,052 |
| CEO/Manager: | Shannon M Ellis-Brock |
| Chairperson: | John Staczek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,938,643 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,026,686 |
| Unsecured Loans | 2,897,656 |
| Other Loans | 153,009,040 |
| TOTAL LOANS | 171,933,382 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,015 |
| Land And Building | 2,016,836 |
| Other Fixed Assets | 459,729 |
| NCUSIF Deposit | 1,460,564 |
| All Other Assets | 0 |
| TOTAL ASSETS | 202,578,052 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,249,104 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,581,719 |
| Regular shares | 92,873,719 |
| All Other Shares & Deposits | 48,705,847 |
| TOTAL SHARES & DEPOSITS | 174,161,285 |
| TOTAL LIABILITIES | 184,410,389 |
| Regular Reserve | 0 |
| Other Reserves | 468,469 |
| Undivided Earnings | 17,699,194 |
| TOTAL EQUITY | 18,167,663 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 202,578,052 |
| INCOME & EXPENSE | |
| Loan Income | 4,767,026 |
| Investment Income | 92,122 |
| Other Income | 1,273,339 |
| Total Employee Compensation & Benefits | 2,281,873 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,344,523 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -49,100 |
| Cost of Funds | 516,385 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,320,079 |
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