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.
Name: | PUGET SOUND COOPERATIVE CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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