Jun, 30, 2024 — EXPRESS CREDIT UNION is a federally insured state chartered credit union headquartered in SEATTLE, WA with 1 branch location and about $19.04 million in total assets. Opened 90 years ago in 1934, EXPRESS CREDIT UNION has about 3,299 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EXPRESS CREDIT UNION |
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Address: (Main Office) | 1930 6th Ave S Ste 104 SEATTLE, WA 98134-1627 |
Phone: | (206) 622-1850 |
Fax: | (206) 622-2073 |
Website: | https://www.expresscu.org |
Branches: | 1 branch locations |
Members: | 3,299 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68273 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,042,182 |
CEO/Manager: | Paul Baudin |
Chairperson: | Sarah Slonsky |
ASSETS: | $ Amount |
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Cash & Equivalents | 163,665 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 274,554 |
Unsecured Loans | 1,415,584 |
Other Loans | 14,061,216 |
TOTAL LOANS | 15,751,354 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -386,904 |
Land And Building | 0 |
Other Fixed Assets | 124,095 |
NCUSIF Deposit | 144,170 |
All Other Assets | 16,000 |
TOTAL ASSETS | 19,042,182 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 17,688 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 696,603 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,331,600 |
Regular shares | 6,584,192 |
All Other Shares & Deposits | 5,383,377 |
TOTAL SHARES & DEPOSITS | 15,299,169 |
TOTAL LIABILITIES | 16,013,460 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,028,722 |
TOTAL EQUITY | 3,028,722 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,042,182 |
INCOME & EXPENSE | |
Loan Income | 658,517 |
Investment Income | 21,024 |
Other Income | 175,125 |
Total Employee Compensation & Benefits | 779,774 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 728,819 |
Non-operating Income & (Expense) | 1,628,918 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 62,091 |
Cost of Funds | 26,472 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,021,930 |
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